29
Sep
The International Monetary Fund has reiterated its optimism that the Official Creditor Committee, and the Ghanaian government will find an agreement soon on the external debt restructuring. More than half of the country’s $52.3 billion debt are owned by external creditors including Eurobond holders and some banks, and therefore a significant ‘haircut’ from external holders is crucial to its quest to cut debt significantly. Speaking at a press conference, Julie Kozack, Director of Communications at the IMF said it is good for the Ghanaian government to finalise the restructuring of its domestic debt. UK-based Fitch Solutions and the Economist Intelligence…