In a statement issued on Friday, 12 May, the Official Creditor Committee – made up of countries with eligible claims on Ghana, and co-chaired by China and France, said it was ready to negotiate the terms on Ghana’s debts as the country seeks to go under an IMF programme.
“Consistent with their national laws and internal procedures, creditor committee members are committed to negotiating with the Republic of Ghana terms of a restructuring of their claims to be finalised in a Memorandum of Understanding,” the committee said.
Next steps
The next task involves working with private creditors and other official bilateral creditors to get similar assurances which Accra has already started looking at.
The School of Business at the University of Cape Coast Dean John Gatsi also advises that Ghana begins to woo development partners to revamp investments to complement the expected funds from the
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