President John Mahama has called for a united Africa to enable the continent to address its escalating debt crisis, adding that unsustainable borrowing risks undermining development gains and sovereignty. Delivering a keynote speech at the African Union (AU) High-Level Conference on Debt in Lomé, Togo, yesterday, the President described Africa’s debt burden as a “paradox […]
Ghana is expected to get a debt relief of $7.2 billion between 2023 and 2026 as it concludes debt restructuring deals with its bilateral creditors and Eurobond holders. Following the formalisation of the country’s agreement with the Official Bilateral Committee co-chaired by France and China, Ghana will now save $2.8 billion which it would have […]
Ghana is close to signing a Memorandum of Understanding (MoU) with bilateral creditors as part of the restructuring of debts owed to these lenders. The Managing Director of the International Monetary Fund (IMF) Kristaline Georgieva revealed that “Ghana is in a good place now because it has advanced negotiations with the bilateral creditors on restructuring […]
