{"id":197982,"date":"2024-07-09T10:15:56","date_gmt":"2024-07-09T10:15:56","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/09\/ghana-sees-another-breakthrough-in-its-international-debt-treatment\/"},"modified":"2024-07-09T10:15:56","modified_gmt":"2024-07-09T10:15:56","slug":"ghana-sees-another-breakthrough-in-its-international-debt-treatment","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/09\/ghana-sees-another-breakthrough-in-its-international-debt-treatment\/","title":{"rendered":"Ghana sees another \u2018breakthrough\u2019 in its international debt treatment \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>The Ministry of Finance has announced that Ghana\u2019s debt treatment with\u00a0Eurobond\u00a0holders adheres to the Comparability of Treatment principle, as confirmed by the country\u2019s Official Creditor Committee (OCC). I<\/strong><\/p>\n<p>n a statement issued to the Ghana News Agency on Monday, July 8, the Ministry highlighted this as part of the OCC Common Framework for debt restructuring.<\/p>\n<p>The Comparability of Treatment principle necessitates that Ghana meets comparable treatment of debt obligations to all other external creditors within the restructuring scope.<\/p>\n<p>This approach aims to restore debt sustainability and prevent disorderly default by providing significant relief during the three-year\u00a0International Monetary Fund (IMF)\u00a0programme implementation.<\/p>\n<p>\u201cThe Government intends to continue proactive engagement with the Steering Committees to finalize documentation and proceed promptly with the consent solicitation,\u201d the statement read. Additionally, the government expressed gratitude to its official partners and representatives from the two Bondholders\u2019 Committees for their constructive engagement over the past weeks.<\/p>\n<p>On July 1, Ghana received a third tranche of US$360 million as part of the IMF loan-support programme. This follows an agreement reached last month with Eurobond holders, who have agreed to forego US$4.7 billion in debt, providing an additional US$4.4 billion in relief to the country.<\/p>\n<p>The debt restructuring and relief efforts are critical components of Ghana\u2019s strategy to achieve economic stability and sustainable growth.<\/p>\n<p>tigpost.co <\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance has announced that Ghana\u2019s debt treatment with\u00a0Eurobond\u00a0holders adheres to the Comparability of Treatment principle, as confirmed by the country\u2019s Official Creditor Committee (OCC). I n a statement issued to the Ghana News Agency on Monday, July 8, the Ministry highlighted this as part of the OCC Common Framework for debt restructuring. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":197983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-197982","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana sees another \u2018breakthrough\u2019 in its international debt treatment \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\/07\/09\/ghana-sees-another-breakthrough-in-its-international-debt-treatment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana sees another \u2018breakthrough\u2019 in its international debt treatment \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Finance has announced that Ghana\u2019s debt treatment with\u00a0Eurobond\u00a0holders adheres to the Comparability of Treatment principle, as confirmed by the country\u2019s Official Creditor Committee (OCC). I n a statement issued to the Ghana News Agency on Monday, July 8, the Ministry highlighted this as part of the OCC Common Framework for debt restructuring. 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