Ghana and IMF reach an agreement on the third review of the $3 billion loan program, advancing the nation’s debt-restructuring efforts and opening access to $360 million in funding. Â
Ghana Debt Restructuring
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The IMF remains confident that Ghana will reach an agreement with its bilateral creditors, allowing for immediate access to loan funds.Â
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Ghana’s negotiations to restructure $13 billion in international bonds falter as IMF deems proposed terms inadequate for long-term debt sustainability.
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Ghana is rapidly moving to restructure its external debt, aiming to bounce back from its economic downturn with President Akufo-Addo leading the charge for financial stability.
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In a significant economic boost, the IMF is poised to approve a $600 million loan for Ghana, following successful debt restructuring efforts