Ghana seeks $2.5bn in external financing through debt restructuring

The Chief Executive Officer (CEO) of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has revealed that Ghana is set to undergo external debt restructuring, which is expected to provide financing of approximately $2.5 billion in the coming days.

The announcement was made as the GIPC indicated that negotiations with key partners are nearing a conclusion by the end of the week.

The CEO emphasized that the current fiscal gaps would be addressed through external financing measures, including an anticipated $3 billion agreement with the International Monetary Fund (IMF) and the aforementioned debt restructuring.

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 added.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pinterest

The Spanish Chamber of Commerce in Ghana is a non-profit private entity whose main objective is the promotion of the commercial, economic, and industrial relations between Spain and Ghana.




Stay informed about the activities of SGCC and its members

Spain Ghana Chamber of Commerce (SGCC) Copyright © 2018 – 2024