© Thomson Reuters Ghana's Finance Minister Ken Ofori-Atta speaks during a information convention in Accra ACCRA (Reuters) - Ghana expects the international monetary Fund's board to approve a $3 billion personal loan by the conclusion of the 2nd quarter of 2023, Finance Minister Ken Ofori-Atta stated in a presentation on Thursday.
He brought that respectable credit or fiscal assurances are anticipated by means of may additionally and that the country's home debt trade programme would yield 38 billion cedis ($three.3 billion) of debt carrier rate reductions in 2023.
Ghana must restructure its debt to ensure that the IMF board to approve the body of workers-stage aid package.
Ofori-Atta observed $20 billion had been eligible for external debt restructuring, 66% of which is beneath the form of external debt inventory. a different $5.four billion in respectable creditor debt will even be restructured.
The govt additionally goals to bring rampant inflation down to 8% in the medium term and is targeting precise GDP growth of 5% in over the identical period.
A memorandum of realizing with reputable creditors and an settlement in principle on Eurobond restructuring is anticipated by means of July, the minister talked about.
(Reporting through Anait Miridzhanian; Writing with the aid of Sofia Christensen; editing via Estelle Shirbon)
0 Comments