Ghana anticipates concluding negotiations on external debt restructuring of $2.5bn

The Chief Executive Officer (CEO) of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has stated that Ghana is expecting to restructure up to $2.5 billion in external debt restructuring.

According to him, the country is expecting to use these to close fiscal gaps and support the 2023 budget.

The GIPC CEO noted that the $3 billion

Read full articleIMF loan is also to help the country’s fiscal space among other things.

“With the current fiscal gaps, we anticipate external financing for the budget through the anticipated $3 billion agreement with the IMF. Additionally, we are working on some external debt restructuring to provide financing of approximately $2.5 billion.

“We anticipate concluding negotiations with our other key partners tomorrow to further enhance our financial position,” he was quoted by citinewsroom.com.

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