We’ll complete agreement with bilateral creditors in coming weeks, says Ofori-Atta

Finance Minister, Ken Ofori-Atta has said Ghana is set to complete its debt restructuring in the coming weeks.

Ofori-Atta said the country is in the process of getting a memorandum of understanding (MoU) with its bilateral creditors.

Speaking in a press conference on Sunday (18 June), the minister said: “We’ve successfully worked with the Paris Club and other creditors to determine the parameters for official debt restructuring under the G20 common framework for debt treatment.”

“In the coming weeks, we will seek to complete the MoU on terms with bilateral debt treatment,” he added.

Ofori-Atta said Ghana will continue discussions with private creditors, Eurobond investors on external debt to reach agreement with private creditors in the shortest possible time.

“We expect to finalise these negotiations before the next review, which is in September,” he added.