Ghana Misses IMF Deadline as Debt Relief Talks With Creditors Ongoing, Jeopardizing $3B Bailout
-
Ghana missed IMF's Nov 1 deadline for $600M 2nd tranche as debt talks with creditors continue
-
Full $3B IMF bailout hinges on Ghana securing $10.5B debt relief from external creditors
-
Ghana submitted proposals to commercial creditors for up to 40% haircut and talks ongoing
-
IMF says Ghana needs financing assurance from creditors before board approves 1st review
-
Reaching agreement with creditors expected to release $2.5B for Ghana in 2023 to bridge BOP deficit