The German government says it is willing to assist Ghana push through its proposal with its external creditors, especially China, but first, some conditions must be met.
The reaction follows President Akufo-Addo’s call on German Finance Minister, Christian Lindner, to “encourage” China to accept Ghana’s proposal for debt relief with its largest external creditor, China.
Ghana is hoping to restructure $5.7 billion with China holding a third of it amounting to 1.7 billion dollars.
German Ambassador to Ghana, Daniel Krull speaking to the media said country is willing to help only if certain conditions must be met.
He named three conditions to be met by Ghana, including reduced government spending.