\n
China would like to enhance communications with Ghana to seek a proper resolution of Ghana\u2019s debt issue, its foreign ministry said on Thursday, March 23.<\/p>\n
Spokesperson Wang Wenbin made the remark in response to a question on Ghana\u2019s finance minister visiting Beijing for a proposed restructuring of Ghana\u2019s debt.<\/p>\n
Ghana\u2019s finance minister Ken Ofori-Atta travelled to Beijing on Wednesday to meet Chinese officials to discuss a proposed restructuring of Ghana\u2019s debt, according to a source with knowledge of the talks.<\/p>\n
\u201cThe talks are expected to focus on ways to reduce Ghana\u2019s debt burden and secure additional financing assurances for the country\u2019s economic programme,\u201d the source said, asking not to be named because the talks are private.<\/p>\n
Ghana, which is struggling with its worst economic crisis in a generation, secured a staff-level agreement with the International Monetary Fund (IMF) in December for a $3 billion loan, though asking lenders to provide financing assurances is a condition for the IMF\u2019s board to sign off the programme.<\/p>\n
China is Ghana\u2019s biggest bilateral creditor with about $1.7 billion of debt.<\/p>\n
The government\u2019s current priority is to secure IMF board approval, with the fine details of debt treatment operations to follow later, the source added. The meetings will take place on Thursday and Friday.<\/p>\n
A Chinese delegation visited Ghana this month for initial debt talks which the finance ministry said were \u201ccordial and fruitful\u201d.<\/p>\n
Ghana suspended payments on most of its external debt last year, effectively defaulting, and still needs to negotiate a resolution with its private international bondholders.<\/p>\n
Ghana has already restructured its domestic debt and has requested to rework its bilateral debt under the common framework platform supported by the Group of 20 major economies. An official creditor committee for talks with sovereign creditors is still pending.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
China would like to enhance communications with Ghana to seek a proper resolution of Ghana\u2019s debt issue, its foreign ministry said on Thursday, March 23. Spokesperson Wang Wenbin made the remark in response to a question on Ghana\u2019s finance minister visiting Beijing for a proposed restructuring of Ghana\u2019s debt. Ghana\u2019s finance minister Ken Ofori-Atta travelled […]<\/p>\n","protected":false},"author":1,"featured_media":24116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-48282","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
China to seek proper resolution with Ghana over $1.7bn debt - 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\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China to seek proper resolution with Ghana over $1.7bn debt - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"China would like to enhance communications with Ghana to seek a proper resolution of Ghana\u2019s debt issue, its foreign ministry said on Thursday, March 23. Spokesperson Wang Wenbin made the remark in response to a question on Ghana\u2019s finance minister visiting Beijing for a proposed restructuring of Ghana\u2019s debt. Ghana\u2019s finance minister Ken Ofori-Atta travelled […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-23T13:27:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/\",\"name\":\"China to seek proper resolution with Ghana over $1.7bn debt - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg\",\"datePublished\":\"2023-03-23T13:27:33+00:00\",\"dateModified\":\"2023-03-23T13:27:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg\",\"width\":1600,\"height\":1066},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China to seek proper resolution with Ghana over $1.7bn debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China to seek proper resolution with Ghana over $1.7bn debt - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/","og_locale":"en_US","og_type":"article","og_title":"China to seek proper resolution with Ghana over $1.7bn debt - Ghanamma.com","og_description":"China would like to enhance communications with Ghana to seek a proper resolution of Ghana\u2019s debt issue, its foreign ministry said on Thursday, March 23. Spokesperson Wang Wenbin made the remark in response to a question on Ghana\u2019s finance minister visiting Beijing for a proposed restructuring of Ghana\u2019s debt. Ghana\u2019s finance minister Ken Ofori-Atta travelled […]","og_url":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/","og_site_name":"Ghanamma.com","article_published_time":"2023-03-23T13:27:33+00:00","og_image":[{"width":1600,"height":1066,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/","url":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/","name":"China to seek proper resolution with Ghana over $1.7bn debt - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg","datePublished":"2023-03-23T13:27:33+00:00","dateModified":"2023-03-23T13:27:33+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/ofori-atta-again.jpg","width":1600,"height":1066},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/03\/23\/china-to-seek-proper-resolution-with-ghana-over-1-7bn-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"China to seek proper resolution with Ghana over $1.7bn debt"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/48282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=48282"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/48282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/24116"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=48282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=48282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=48282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}