{"id":139585,"date":"2024-01-16T10:08:41","date_gmt":"2024-01-16T10:08:41","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/16\/govt-set-to-resume-stalled-infrastructure-projects-ofori-atta\/"},"modified":"2024-01-16T10:08:41","modified_gmt":"2024-01-16T10:08:41","slug":"govt-set-to-resume-stalled-infrastructure-projects-ofori-atta","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/16\/govt-set-to-resume-stalled-infrastructure-projects-ofori-atta\/","title":{"rendered":"Govt set to resume stalled infrastructure projects \u2013 Ofori-Atta \u2013"},"content":{"rendered":"

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Finance Minister Ken Ofori-Atta has\u00a0announced\u00a0that stalled infrastructure projects across Ghana, funded by donors, are set to resume in the coming weeks.<\/strong><\/p>\n

The restart is based on agreements reached with Ghana\u2019s bilateral creditors regarding the restructuring of the country\u2019s debt.<\/p>\n

Ofori-Atta shared this information on PM EXPRESS BUSINESS EDITION with host George Wiafe, scheduled to air on Thursday, January 18, 2024.<\/p>\n

The Finance Minister explained that as negotiations with donors progress, some will begin disbursing necessary funds for the halted projects.<\/p>\n

A Memorandum of Understanding is expected to be signed with bilateral creditors in the coming days after reaching a deal on debt restructuring.<\/p>\n

\u201cSome of these donors have demonstrated their commitment to support the economy once issues around these debt restructuring are resolved\u201d the Finance Minister added.<\/p>\n

Ofori-Atta highlighted the commitment of some donors to support Ghana\u2019s economy once debt restructuring matters are resolved.<\/p>\n

The Finance Minister addressed concerns from certain donors, such as China, regarding the cutoff date for debt restructuring, noting that an agreement was reached with the Paris Club and China, setting December 2022 as the cutoff date.<\/p>\n

Regarding the International Monetary Fund (IMF) program, Ofori-Atta shared that\u00a0Ghana\u00a0has fulfilled requirements for the first review, anticipating a disbursement of about $600 million to the Bank of Ghana next week.<\/p>\n

He revealed that the second tranche of the IMF cash would be directed toward projects outlined in the budget, indicating a shift from previous programs where all funds were focused on balancing payments.<\/p>\n

Ofori-Atta emphasized that the incoming funds would enhance the Bank of Ghana\u2019s reserves, stabilizing the Ghana cedis. He expressed optimism about similar responses from other donors, contributing significantly to the country\u2019s economic recovery.<\/p>\n

The Finance Minister concluded by assuring that the government would maintain fiscal discipline during an election year, completing necessary actions for economic stability.<\/p>\n

tigpost.co<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Finance Minister Ken Ofori-Atta has\u00a0announced\u00a0that stalled infrastructure projects across Ghana, funded by donors, are set to resume in the coming weeks. The restart is based on agreements reached with Ghana\u2019s bilateral creditors regarding the restructuring of the country\u2019s debt. Ofori-Atta shared this information on PM EXPRESS BUSINESS EDITION with host George Wiafe, scheduled to air […]<\/p>\n","protected":false},"author":1,"featured_media":107478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-139585","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\nGovt set to resume stalled infrastructure projects \u2013 Ofori-Atta \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\/2024\/01\/16\/govt-set-to-resume-stalled-infrastructure-projects-ofori-atta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt set to resume stalled infrastructure projects \u2013 Ofori-Atta \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Ken Ofori-Atta has\u00a0announced\u00a0that stalled infrastructure projects across Ghana, funded by donors, are set to resume in the coming weeks. 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