Ghana and its official creditors have finalised core issues on a debt rework and will sign a draft memorandum of understanding very soon, a key step required to access more International Monetary Fund financing.

The memorandum formalises a provisional deal reached in January with government creditors, including China and France, to restructure $5.4 billion of debt, as the West African nation tries to chart its way out of its worst economic crisis in a generation.

Etsey Atisu has more details.