Ghana hopes to agree official creditor debt relief terms by Friday – Bloomberg News
Ghana hopes to finish by Friday reviewing a draft term sheet on debt relief from its official creditors to restructure $5.4 billion of debt, Bloomberg News reported on Thursday.
An agreement between Ghana and its official creditors would pave the way for the IMF Executive Board to approve the disbursement of $600 million under its $3 billion bailout programme.
Citing Finance Minister Ken Ofori-Atta, Bloomberg reported that “in terms of the broad framework, all parties are in agreement,” which he said would allow the IMF to sign off on the money for Ghana.
(With input from Reuters)
