{"id":128011,"date":"2023-12-06T10:24:16","date_gmt":"2023-12-06T10:24:16","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/06\/ghana-can-manage-any-proposed-cut-off-date-by-external-creditors-ofori-atta-on-imf-bailout\/"},"modified":"2023-12-06T10:24:16","modified_gmt":"2023-12-06T10:24:16","slug":"ghana-can-manage-any-proposed-cut-off-date-by-external-creditors-ofori-atta-on-imf-bailout","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/06\/ghana-can-manage-any-proposed-cut-off-date-by-external-creditors-ofori-atta-on-imf-bailout\/","title":{"rendered":"Ghana can manage any proposed cut-off date by external creditors \u2013 Ofori-Atta on IMF bailout \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Minister of Finance,\u00a0Ken Ofori-Atta, has indicated that Ghana remains open to any new cut-off date proposed by bilateral creditors to undertake a debt swap of the country\u2019s external debt.<\/p>\n<p>China had earlier proposed a December 2020 cut-off date for the debt swap instead of the previously agreed upon date of December 2022.<\/p>\n<p>Speaking with journalists in Accra on November 5, 2023, the Finance Minister said Ghana is currently open to considering any new set date for the debt restructuring while adding that Ghana can manage whatever situation is agreed upon by the creditors.<\/p>\n<p>\u201cFor us, we can manage, so the issue is for the membership of the OCC [Official Creditor Committee] to get comfortable, and so we hope that by the end of next week, we will have what we need so that the Fund Board can sit. Everybody is looking at the comparability of treatment in there and China and France certainly are co-chairs, so they have a good impact on what will happen, but we should be okay,\u201d\u00a0Ken Ofori-Atta\u00a0is quoted to have said by citinewsroom.com<\/p>\n<p>Meanwhile, the current snag in negotiations has impacted on Ghana\u2019s meeting with the IMF Executive Board for the approval of the second tranche bailout consisting of $600 million.<\/p>\n<p>The funds are expected to go towards supporting macroeconomic stability, government\u2019s 2024 budget and among others.<\/p>\n<p>MA\/SA<\/p>\n<p><strong>Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Minister of Finance,\u00a0Ken Ofori-Atta, has indicated that Ghana remains open to any new cut-off date proposed by bilateral creditors to undertake a debt swap of the country\u2019s external debt. China had earlier proposed a December 2020 cut-off date for the debt swap instead of the previously agreed upon date of December 2022. Speaking with journalists [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":128012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-128011","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 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghana can manage any proposed cut-off date by external creditors \u2013 Ofori-Atta on IMF bailout \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/06\/ghana-can-manage-any-proposed-cut-off-date-by-external-creditors-ofori-atta-on-imf-bailout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana can manage any proposed cut-off date by external creditors \u2013 Ofori-Atta on IMF bailout \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Minister of Finance,\u00a0Ken Ofori-Atta, has indicated that Ghana remains open to any new cut-off date proposed by bilateral creditors to undertake a debt swap of the country\u2019s external debt. 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