Ghana Misses IMF Deadline for $600M Tranche Amid Delayed Debt Relief Talks
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Ghana missed IMF deadline for second tranche of $3B bailout due to delayed debt restructuring talks with creditors.
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IMF financing will not solve Ghana's economic problems - need aggressive domestic measures for growth.
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Ghana seeking up to 40% debt relief from creditors, talks ongoing with China and Paris Club.
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Ghana has not yet secured financing assurances from creditors required for second $600M tranche.
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Debt restructuring expected to release $2.5B in 2023 to help bridge Ghana's balance of payments deficit.