The International Monetary Fund and Ghana’s government have reached a staff-level agreement on the first review of a $3 billion loan program, paving the way for a disbursement of $600 million once it is approved by the IMF’s executive board.
the IMF said in a statement on Friday that Ghana and its official creditors now need to agree on a debt restructuring plan to get board approval and receive the money.
Finance Minister Ken-Ofori Atta said the government aimed to present a proposed plan to official creditors next week.
Sang Donald Mendy reports.
