IMF Deal: Ghana secures financing assurance from Paris Club

Ghana had secured financing assurance from external creditors the Paris Club as part of requirements for meeting International Monetary Fund (IMF). This means Ghana is close to meeting requirements for IMF Board-level approval. This can lead to restructuring or cancellation of Ghana’s external debts or a fresh funding arrangements for Ghana. It also implies that there is no impediment in a way of Ghana to securing IMF bailout.

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