Ghana talks with foreign creditors now

Today, Monday, January 8, 2024, is a critical conference that Ghana has scheduled with its external creditors to finalize a strategy for restructuring an estimated $5.4 billion in external debt.

Ghana talks with foreign creditors now
Ghana talks with foreign creditors now

Discussions on debt-related issues, economic changes, and cooperative tactics for long-term financial management make this meeting extremely important.

Much of Ghana’s $20 billion external debt has been designated for restructuring and is held by the Official Creditor Committee (OCC), which is co-chaired by the governments of China and France. Although the government claims that negotiations are ongoing, there is still a disagreement over when external debt must be included in the restructuring process.

As of October 2023, Ghana’s access to the second tranche of the $3 billion International Monetary Fund (IMF) bailout package was made possible by the Ministry of Finance’s prompting of bilateral creditors to quickly agree on terms of debt relief.

Related Posts

Aviation Products Liability Insurance: Protecting Manufacturers

Aviation products liability insurance is a specialised type of insurance designed to protect manufacturers of aviation products from liability claims arising from defects or malfunctions in their products. This insurance…

Read more

Continue reading
GHACEM’s Price Reduction: A Boost to the Construction Industry

In a significant development for the construction industry and consumers, GHACEM has reduced the price of its cement from GHS 120 to GHS 82 per bag. This substantial price drop…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

  • By djfly
  • June 19, 2025
  • 18 views
ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

  • By Gossip
  • June 12, 2025
  • 8 views
Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

  • By Gossip
  • June 9, 2025
  • 10 views
Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

Unraveling the GH₵50 Million Controversy: Wontumi’s Response

  • By Gossip
  • June 8, 2025
  • 17 views
Unraveling the GH₵50 Million Controversy: Wontumi’s Response

I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

  • By Gossip
  • June 4, 2025
  • 14 views
I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice

  • By djfly
  • June 2, 2025
  • 22 views
Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice