Nkonkonsa Celebrity Gossip From Africa
Following a successful domestic debt exchange programme, the Finance Minister, Ken Ofori Atta, has revealed that discussions on Ghana’s debt are being held with China.
Negotiations with China, according to Mr. Ofori-Atta, are crucial because they hold the majority of the external bonds.
The Finance Minister stated in an interview with Citi News that he will head a mission to China to request debt forgiveness.
“The big elephant in the room is China, we will be visiting China by the end of the week to really discuss how they come into the envelope as quickly as possible. So we are looking at that support from them. China represents about a third of the $5.7 billion loan and so it is important that we engage them.”
In January 2023, the International Monetary Fund (IMF) says it is working towards a debt cancellation programme for Ghana and other countries amid a global economic recession scare this year.
The other countries are Ethiopia, Zambia, Chad, Lebanon, Surinam, and Sri Lanka.
NKONKONSA.com
