Posted 1/5/2024, 8:06:35 AM
Ghana Seeks Debt Relief Deal with Creditors to Unlock IMF Bailout Funds
- Ghana's official creditors to meet on Jan. 8 to discuss restructuring $5.4 billion in debt
- Meeting is critical step toward securing next IMF bailout fund tranche
- Official Creditor Committee holds 25% of Ghana's $20 billion external debt
- Creditors disagree on "cut-off date" to determine which new loans undergo restructuring
- Agreement on debt restructuring needed for Ghana to get approval for next $600 million IMF payout