Ghana has missed the November 1 deadline outlined in the International Monetary Fund (IMF) program to secure the second tranche of the $3 billion bailout package, primarily due to delays in the country’s debt renegotiation discussions with external creditors.

The nation, known as the Black Star of Africa, is currently engaged in negotiations with external creditors for debt relief amounting to $10.5 billion.

The government has already submitted proposals to its commercial creditors, requesting a potential reduction of up to 40%, along with additional debt restructuring discussions involving bilateral creditors, including China and the Paris Club.

WADR’s Accra Correspondent Naa Deide Tettey completes the story.