© Thomson Reuters Ghana's Finance Minister Ken Ofori-Atta speaks during a news conference in Accra ACCRA (Reuters) - Ghana expects the international monetary Fund's board to approve a $3 billion loan by way of the end of the 2d quarter of 2023, Finance Minister Ken Ofori-Atta said in a presentation on Thursday.
He delivered that authentic credit score or monetary assurances are anticipated by might also and that the country's home debt exchange programme would yield 38 billion cedis ($3.three billion) of debt carrier discount rates in 2023.
Ghana need to restructure its debt to ensure that the IMF board to approve the workforce-stage guide equipment.
Ofori-Atta talked about $20 billion have been eligible for external debt restructuring, sixty six% of which is below the kind of external debt inventory. an extra $5.four billion in reliable creditor debt will also be restructured.
The government additionally aims to bring rampant inflation down to 8% within the medium term and is concentrated on real GDP growth of 5% in over the equal length.
A memorandum of knowing with reputable creditors and an settlement in principle on Eurobond restructuring is anticipated by means of July, the minister pointed out.
(Reporting by using Anait Miridzhanian; Writing by means of Sofia Christensen; modifying with the aid of Estelle Shirbon)
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