Development Patners DP

Ghana Asks Devt Partner Creditors To Freeze Interest Payment On $8.5Bn

Ghana Asks Devt Partner Creditors To Freeze Interest Payment On $8.5Bn

The Minister of Finance, Ken Ofori-Atta, has appealed to Ghana’s development partners (DPs) to allow the country to suspend the payment of interests on about $8.5 billion owed to them for a minimum of three years. Mr Ofori-Atta also pleaded with the bilateral and multilateral creditors to assure the country that they will support its development efforts with grants for the period that it will be unable to borrow from the international capital market. In attendance at the meeting today were ambassadors and high commissioners of the country’s top creditor nations and representatives from international development agencies, a source in…
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