IMF 2nd tranche

Ghana Misses Out On IMF’s Nov. 1 Timeline For 2nd Tranche As External Debt Restructuring Talks Drag

Ghana Misses Out On IMF’s Nov. 1 Timeline For 2nd Tranche As External Debt Restructuring Talks Drag

Ghana has missed out on the November 1 timeline set in the International Monetary Fund (IMF) programme to get a second tranche of the $3 billion bailout package as the country’s debt rework negotiations with external creditors delay. The Black Star of Africa is still in talks with its external creditors for debt relief worth $10.5 billion. The country has already submitted proposals to its commercial creditors seeking a haircut of up to 40% and additional debt rework with its bilateral creditors including China and the Paris Club. JoyNews checks from the Fund’s programme document reveal that Ghana has not…
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