Yofi Grant, CEO of GIPC
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has stated that Ghana is expecting to restructure up to $2.5 billion in external debt restructuring.
According to him, the country is expecting to use these to close fiscal gaps and support the 2023 budget.
The GIPC CEO noted that the $3 billion IMF loan is also to help the country’s fiscal space among other things.
“With the current fiscal gaps, we anticipate external financing for the budget through the anticipated $3 billion agreement with the IMF. Additionally, we are working on some external debt restructuring to provide financing of approximately $2.5 billion.
“We anticipate concluding negotiations with our other key partners tomorrow to further enhance our financial position,” he was quoted by citinewsroom.com.
SSD/FNOQ
- Come clean on your position regarding Debt Exchange Programme - Former UT boss charges
- Reject government's proposed Debt Exchange Programme - IBF to bondholders
- Exclude pensioners from Debt Exchange Programme - Pensioner Bondholders Forum
- Debt Exchange Programme is a worry to some banks - Yaw Asante
- Individual bondholders continue to reject DDEP
- Read all related articles
