The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has welcomed the debt treatment agreement between Ghana and the Official Creditor Committee, saying, it is consistent with the objectives of the IMF-supported programme.
Ghana's official creditors have agreed to restructure debts that were extended to the country up until December 2022, two sources told Reuters, with Accra closing in on a key step required to advance its restructuring.
Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse $600 million to the West African nation, Finance Minister Ken Ofori-Atta said.
Bank of Ghana (BoG) Governor Dr Ernest Addison has conveyed optimism regarding prospective impacts from the domestic gold for reserves programme in strengthening reserves as the country moves into 2024.
Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some US$5.4 billion in loans to the country, three sources told Reuters, a key step needed to secure its next tranche of funding from the International Monetary Fund (IMF).