Julie Kozack

29 Sep

External Debt Restructuring: We Hope Official Creditor Committee And Government Will Find An Agreement Soon – IMF

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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…

24 Mar

Get Financing Assurances From Creditors, Partners Before Board Approval – IMF To Ghana

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The International Monetary Fund (IMF) has indicated that it is necessary for Ghana to secure financing assurances from its partners and creditors before the country can present its programme request to the Executive Board for approval. The Fund was responding to a question at a news conference in Washington DC, U.S.A on the status of Ghana’s programme, following a recent statement by President Akufo-Addo that Ghana is working to submit its programme to the board by end this March 2023 for approval. The Director of Communications at the IMF, Julie Kozack noted that “Financing assurances from partners and creditors are…