{"id":173687,"date":"2024-04-22T04:28:40","date_gmt":"2024-04-22T04:28:40","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/04\/22\/bilateral-creditors-share-draft-mou-for-ghanas-debt-restructuring\/"},"modified":"2024-04-22T04:28:40","modified_gmt":"2024-04-22T04:28:40","slug":"bilateral-creditors-share-draft-mou-for-ghanas-debt-restructuring","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/04\/22\/bilateral-creditors-share-draft-mou-for-ghanas-debt-restructuring\/","title":{"rendered":"Bilateral creditors share draft MOU for Ghana&#8217;s debt restructuring"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Finance Minister Dr Mohammed Amin Adam has disclosed that the bilateral creditors, through the Official Creditor Committee, have distributed the draft document outlining Ghana\u2019s debt restructuring to its members for review and deliberation.<\/p>\n<p>\u201cThe Official Creditor Committee has shared the draft document with their members and as soon as they share the document with us and we are okay with that, then we have an agreement.\u201d<\/p>\n<p>Dr Amin Adam said this at the press conference in Washington DC USA on the sidelines of the IMF\/World Bank Spring Meetings.<\/p>\n<p>He added, \u201cThe IMF is not asking for a deal from the Bilateral Creditors before it goes to the board, but rather an agreement on the wording of the MOU and that will be sufficient for the IMF to go to its board.\u201d<\/p>\n<div id=\"in-article\" data-google-query-id=\"CJ-y4c341IUDFaeTJwIdOuUFkg\">\n<p>\u201cWe are very optimistic that we can meet all the conditions needed for IMF to go to the board in June this year.\u201d<\/p>\n<\/div>\n<p>The IMF has also commended Ghana\u2019s performance under the programme, describing it as \u201cstrong\u201d, projecting a single-digit inflation rate of 8% for Ghana by the end of 2025, in line with the government\u2019s target for the same period.<\/p>\n<p>Additionally, the IMF forecasts a growth rate of 4.4% for Ghana by the end of 2025. In its Global Economic Outlook, the IMF predicts Ghana will end 2024 with a growth rate of 2.8%, similar to the government\u2019s forecast in the 2024 budget.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Dr Mohammed Amin Adam has disclosed that the bilateral creditors, through the Official Creditor Committee, have distributed the draft document outlining Ghana\u2019s debt restructuring to its members for review and deliberation. \u201cThe Official Creditor Committee has shared the draft document with their members and as soon as they share the document with us [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":173688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173687","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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