{"id":110769,"date":"2023-10-15T08:29:15","date_gmt":"2023-10-15T08:29:15","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/10\/15\/ghana-secures-assurances-from-china-france-for-external-debt-restructuring\/"},"modified":"2023-10-15T08:29:15","modified_gmt":"2023-10-15T08:29:15","slug":"ghana-secures-assurances-from-china-france-for-external-debt-restructuring","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/10\/15\/ghana-secures-assurances-from-china-france-for-external-debt-restructuring\/","title":{"rendered":"Ghana secures assurances from China, France for External Debt Restructuring"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Finance Minister Ken Ofori-Atta has disclosed that Ghana has secured assurances from both China and France regarding the Memorandum of Outstanding (MoU) for the restructuring of the country\u2019s external bilateral debts.<\/p>\n<p>\u201cWe have met the Central Bank Governor of China and we don\u2019t perceive any opposition or reluctance in participating positively when it comes to the Memorandum of Understanding on restructuring of our external bilateral debts\u201d the Finance Minister said.<\/p>\n<p>Responding to inquiries from journalists at the Annual International Monetary Fund\/World Bank meetings in Marrakesh, Morocco, Mr Ofori-Atta added, \u201cThe Chinese government within the past months is close to reaching a similar deal with Zambia, Sri Lanka and Suriname, so following that trend, we expect some similar cooperation from them when it comes to Ghana\u201d.<\/p>\n<p>Mr Ofori-Atta in an earlier interview described the IMF-World Bank Annual Meetings as an opportunity for a new beginning for the global financial architecture.<\/p>\n<p>In his remarks at a Roundtable Discussion on \u201cIMF Policy Priorities,\u201d Mr Ofori-Atta charged the IMF to strengthen the global financial safety net through bold reforms to the global financial architecture.<\/p>\n<p>During the Roundtable hosted by US Treasury Secretary, Janet Yellen, Mr Ofori-Atta praised the transformative leadership of IMF Managing Director, Kristalina Georgieva, which has led to the achievement of truly momentous things.<\/p>\n<p>He however continued, \u201cWe need to stretch the IMF to do more. The need is great. And at these Annual Meetings, the developing world is asking the international community to do all it can to advance a reform agenda that ensures institutions like the IMF have the requisite mandates, financing, and governance models to deliver transformative impact.\u201d<\/p>\n<p>Mr Ofori-Atta further advocated for an IMF that is able to provide sufficient resources at scale to strengthen the global financial safety net.<\/p>\n<p>He called for \u201creform of the available tools and lending instruments of the Fund to deal with global exogenous shocks.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Ken Ofori-Atta has disclosed that Ghana has secured assurances from both China and France regarding the Memorandum of Outstanding (MoU) for the restructuring of the country\u2019s external bilateral debts. \u201cWe have met the Central Bank Governor of China and we don\u2019t perceive any opposition or reluctance in participating positively when it comes to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":110770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-110769","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - 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