We’ll complete agreement with bilateral creditors in coming weeks, says Ofori-Atta

The Finance Minister said the agreement is expected before the next review of its US$3 billion loan from the International Monetary Fund (IMF)

Finance Minister, Ken Ofori-Atta has said Ghana is set to complete its debt restructuring in the coming weeks.

Ofori-Atta said the country is in the process of getting a memorandum of understanding (MoU) with its bilateral creditors.

Speaking in a press conference on Sunday (18 June), the minister said: “We’ve successfully worked with the Paris Club and other creditors to determine the parameters for official debt restructuring under the G20 common framework for debt treatment.”

“In the coming weeks, we will seek to complete the MoU on terms with bilateral debt treatment,” he added.

Ofori-Atta said Ghana will continue discussions with private creditors, Eurobond investors on external debt to reach agreement with private creditors in the shortest possible time.

“We expect to finalise these negotiations before the next review, which is in September,” he added.

Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in or log on to broadcasts 
online:, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming: Also on YouTube: Asaase Radio Official.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.


Show More

Related Articles

Back to top button

Adblock Detected