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Ghana Anticipates Crucial Debt Restructuring MoU in May

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Will McBain

African markets specialist and editor at Allen Dreyfus.
  • Ghana’s Finance Minister announces expected MoU for restructuring $5.4 billion with bilateral creditors like China and France.
  • The agreement, pivotal for unlocking further IMF tranches, underscores efforts to mitigate the nation’s economic crisis.

 

Ghana’s Finance Minister, Dr. Mohammed Amin Adam, announced on Sunday that a draft Memorandum of Understanding (MoU) crucial for restructuring $5.4 billion of loans is expected from bilateral creditors in May.

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