Latest news with #OfficialCreditorCommittee
Reuters
6 days ago
- Business
- Reuters
Ghana asks Afreximbank to discuss debt treatment
ACCRA, May 29 (Reuters) - Ghana asked Afreximbank to sit down for debt treatment talks with the gold producing nation and its advisors in a letter sent last week by the finance minister and seen on Thursday by Reuters. "The objective of these discussions is to identify debt treatment solutions that are acceptable to Afreximbank, while ensuring that Ghana complies with the debt sustainability parameters of the IMF programme and the Comparability of Treatment principle as assessed by the (Official Creditor Committee)," Finance Minister Cassiel Ato Forson wrote in the letter dated May 21.
Reuters
29-01-2025
- Business
- Reuters
Ghana signs official creditor memorandum, formalising debt restructuring
ACCRA, Jan 29 (Reuters) - Ghana has signed a memorandum of understanding with its official creditors that formalises a debt restructuring agreed last year, its finance ministry said on Wednesday. The signing of the document is the latest milestone in the West African gold and cocoa producer's long-running debt restructuring saga, after it defaulted on most of its external borrowing in December 2022. Ghana and its Official Creditor Committee reached an agreement in June last year. All participating creditor countries have now signed the deal, the finance ministry's statement said, adding that it provided significant debt-service relief over its International Monetary Fund loan programme. Ghana is still speaking to its commercial external creditors to finalise restructuring agreements with them, the statement also said.
Zawya
29-01-2025
- Business
- Zawya
Ghana signs official creditor memorandum, formalising debt restructuring
Ghana has signed a memorandum of understanding with its official creditors that formalises a debt restructuring agreed last year, its finance ministry said on Wednesday. The signing of the document is the latest milestone in the West African gold and cocoa producer's long-running debt restructuring saga, after it defaulted on most of its external borrowing in December 2022. Ghana and its Official Creditor Committee reached an agreement in June last year. All participating creditor countries have now signed the deal, the finance ministry's statement said, adding that it provided significant debt-service relief over its International Monetary Fund loan programme. Ghana is still speaking to its commercial external creditors to finalise restructuring agreements with them, the statement also said. (Reporting by Christian Akorlie; Writing by Anait Miridzhanian; Editing by Alexander Winning and Frances Kerry)
