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Debt restructuring: Ghana announces a memorandum of understanding with its creditors in May

23/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The Ghanaian Minister of Finance, Dr. Mohammed Amin Adam announced that the country plans to sign a Memorandum of Understanding (MoU) with its official bilateral creditors in May 2024.

The memorandum of understanding envisaged for next month concerns the restructuring of some 13 billion dollars in foreign debt in order to r& meet the IMF's debt sustainability parameters, with the country reaching an agreement in principle with its official creditors in

January 2024.

Le Ghana met en œuvre un programme de facilité élargie de crédit (FEC) sur trois ans avec le IMF , supported by a national post-COVID-19 economic growth program (PC-PEG). This program aims to restore macroeconomic stability and debt sustainability, build resilience, and lay the foundations for stronger and more inclusive growth

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