{"id":239471,"date":"2024-10-26T07:54:50","date_gmt":"2024-10-26T07:54:50","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/26\/debt-restructuring-ghana-must-get-best-deal-with-non-eurobond-commercial-creditors-imf\/"},"modified":"2024-10-26T07:54:50","modified_gmt":"2024-10-26T07:54:50","slug":"debt-restructuring-ghana-must-get-best-deal-with-non-eurobond-commercial-creditors-imf","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/26\/debt-restructuring-ghana-must-get-best-deal-with-non-eurobond-commercial-creditors-imf\/","title":{"rendered":"Debt restructuring: Ghana must get best deal with non-Eurobond commercial creditors &#8211; IMF"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p class=\"wp-block-paragraph\">The International Monetary Fund (IMF) has disclosed that a significant amount of Ghana\u2019s debt must be agreed with non-Eurobond commercial creditors consistent with the parameters of the programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It therefore hopes that progress can be made on that in the coming weeks and months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking at a press conference at the IMF\/World Bank Meeting in Washington, USA, Director, African Department, Abebe Selassie said the government needs to stay strong and make sure that it gets the best deal that it can for the people of Ghana.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBut there remains, you know, a significant amount of debt that needs to be agreed on consistent with the parameters of the program with non-Eurobond commercial creditors. \u00a0And we hope that progress can be made on that in the coming weeks and months. \u00a0I think the government needs to stay strong and make sure that it gets the best deal that it can &#8212; for the people of Ghana, and we hope they do so\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On macroeconomic stability, it said Ghana\u2019s macroeconomic reforms beginning to bear fruit, citing the impressive growth numbers.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI think these reforms are beginning to bear fruit, and that&#8217;s the growth numbers that we&#8217;re seeing. \u00a0And going forward, really, it is continuing to strike a healthy balance between the need &#8212; continued need to address all the development spending needs Ghana has with avoiding debt sustainability\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSo that requires, you know, maintaining modest levels of fiscal deficits going through an election cycle now, avoiding the pitfalls to which Ghana &#8212; has, you know, pitfalls Ghana has faced in election cycles in the past. \u00a0These will all be critical to making sure that, you know, going forward, Ghana can have a healthy macroeconomic situation\u201d, Mr. Selassie emphasised.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He also predicted that Ghana\u2019s growth rate for 2024 will be around 4.0%.\u00a0<\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n               \n <!-- Post Tags -->\n                <p>&#13;\n                    <span style=\"font-weight: 900\"> Tags: \u00a0<\/span>                 <\/p>\n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund (IMF) has disclosed that a significant amount of Ghana\u2019s debt must be agreed with non-Eurobond commercial creditors consistent with the parameters of the programme. It therefore hopes that progress can be made on that in the coming weeks and months. Speaking at a press conference at the IMF\/World Bank Meeting in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":239472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-239471","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>Debt restructuring: Ghana must get best deal with non-Eurobond commercial creditors - IMF - 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\/10\/26\/debt-restructuring-ghana-must-get-best-deal-with-non-eurobond-commercial-creditors-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debt restructuring: Ghana must get best deal with non-Eurobond commercial creditors - IMF - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) has disclosed that a significant amount of Ghana\u2019s debt must be agreed with non-Eurobond commercial creditors consistent with the parameters of the programme. It therefore hopes that progress can be made on that in the coming weeks and months. 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