Read Time: 2 minutes
Story by George Yawson Vineh
The government of Ghana has formalized a debt treatment agreement with its Official Creditors Committee (OCC) by signing a Memorandum of Understanding (MoU).
At a press conference on Wednesday, January 29, Minister for Finance, Cassiel Ato Forson says the signing of the MoU has saved the country an amount of 2.8 billion dollars in debts serving.
The agreement, co-chaired by China and France is a milestone that comes after Ghana, in December 2022, suspended portions of its external debt servicing to commercial and bilateral lenders amid a deep economic crisis.
At the time, inflation had jumped to a staggering 54%, while international reserves had plunged to less than two months of import cover. The nation embarked on a comprehensive debt restructuring journey, including the successful completion of its Domestic Debt Exchange Programme (DDEP) in 2023.
A year ago, on January 12, 2024, Ghana reached an agreement with its Official Creditors under the G20 Common Framework for Debt Treatments, going beyond the Debt Service Suspension Initiative (DSSI).
However, it has taken another year to finalize and formalize the terms through the MoU.
“With the MoU now signed, the agreed terms will be implemented through bilateral agreements with each OCC member,” Mr. Ato stated .
According to the International Monetary Fund’s December 2024 report, Ghana is set to benefit from a substantial debt servicing relief of approximately $2.86 billion.
Of this amount, an estimated $657 million is expected to be realized within 2025, providing much-needed fiscal space for economic recovery.
Wow wonderful blog layout How long have you been blogging for you make blogging look easy The overall look of your site is great as well as the content
Excellent post. I wwas checking constantly this blog and I’m impressed!
Very useful info specifically the lasdt par 🙂 I care foor suh information much.
I wass lookjng foor this particular info for a long time.
Thank youu and best of luck.
I like this post, enjoyed this one thanks for posting. “Fear not for the future, weep not for the past.” by Percy Bysshe Shelley.
Hey there! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup. Do you have any methods to protect against hackers?
Hello, Neat post. There is an issue together with your web site in web explorer, may test thisK IE still is the market chief and a good element of people will pass over your magnificent writing due to this problem.
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
I have read several good stuff here. Certainly worth bookmarking for revisiting. I wonder how much effort you put to make such a fantastic informative site.
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your weblog? My website is in the exact same niche as yours and my users would certainly benefit from some of the information you provide here. Please let me know if this alright with you. Appreciate it!
HSBC’s home equity release is designed to help homeowners release funds tied up in their property. Should you need to support family members, HSBC offers a secure solution with options to remain in your property. Their qualified advisors can help you assess your options with confidence.
Unlock the equity in your property with a reliable home equity loan — suitable for funding home improvements, large expenses, or debt consolidation.
If you’re a homeowner looking to get a loan, a secured loan could be a sensible option. Leverage better rates by using your home as security.
Not sure if a secured loan is right for you? Understand the benefits, such as lower interest rates and larger borrowing amounts.
If you’re a homeowner looking to get a loan, a secured loan could be a wise option. Access better rates by using your home as security.
You may be able to secure larger loans and enjoy better interest rates by taking out a loan secured on your property. Find the best current offers today.
Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs and related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Excellent task..
Discover how a homeowner loan can help you obtain the money you need without selling your home. Review lenders and tailor a plan that fits your needs.
Release the value in your property with a reliable home equity loan — suitable for covering home improvements, major purchases, or debt consolidation.
If you’re a homeowner looking to get a loan, a secured loan could be a wise option. Access better rates by using your home as collateral.
You may be able to secure larger loans and enjoy lower monthly repayments by taking out a loan secured on your property. Review current offers today.
I like the efforts you have put in this, thankyou for all the great articles.
This is a topic close to my heart cheers, where are your contact details though?
amei este site. Para saber mais detalhes acesse o site e descubra mais. Todas as informações contidas são informações relevantes e exclusivos. Tudo que você precisa saber está ta lá.
Este site é realmente fantástico. Sempre que acesso eu encontro coisas incríveis Você também vai querer acessar o nosso site e saber mais detalhes! Conteúdo exclusivo. Venha saber mais agora! 🙂
You’ve undoubtedly researched well.
Thanks for creating this. It’s excellent.
I gained useful knowledge from this.
This is the kind of information I find helpful.
More posts like this would make the online space more useful.
I absolutely enjoyed the manner this was written.
More articles like this would make the blogosphere a better place.
This write-up is top-notch.
I gained useful knowledge from this.
I gained useful knowledge from this.
Such a practical read.
I learned a lot from this.
I particularly appreciated the approach this was written.
I truly enjoyed the style this was laid out.
Thanks for posting. It’s brilliant work.
Thanks for creating this. It’s top quality.
The breadth in this content is commendable.
I’ll gladly be back for more.
Do you have a spam problem on this website; I also am a blogger, and I was wanting to know your situation; many of us have developed some nice practices and we are looking to trade strategies with other folks, please shoot me an e-mail if interested.
Magnificent goods from you, man. I’ve understand your stuff previous to and you are just extremely fantastic. I actually like what you’ve acquired here, certainly like what you’re stating and the way in which you say it. You make it enjoyable and you still care for to keep it sensible. I cant wait to read far more from you. This is actually a wonderful web site.
Such a useful bit of content.
Great website. A lot of useful info here. I am sending it to several buddies ans additionally sharing in delicious. And naturally, thank you in your sweat!
I would like to thank you for the efforts you have put in writing this site. I am hoping the same high-grade website post from you in the upcoming also. In fact your creative writing skills has inspired me to get my own web site now. Really the blogging is spreading its wings quickly. Your write up is a great example of it.
I like what you guys are up also. Such clever work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my site :).
Wohh precisely what I was searching for, appreciate it for putting up.
Hey there would you mind stating which blog platform you’re working with? I’m looking to start my own blog soon but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something unique. P.S My apologies for getting off-topic but I had to ask!
Great remarkable issues here. I am very satisfied to look your post. Thank you a lot and i am looking forward to contact you. Will you kindly drop me a mail?
It is the best time to make a few plans for the future and it is time to be happy. I’ve learn this post and if I could I wish to counsel you some fascinating things or suggestions. Maybe you could write next articles regarding this article. I desire to learn even more things approximately it!
you could have an important weblog here! would you like to make some invite posts on my blog?
Wohh exactly what I was looking for, regards for putting up.
I really enjoy reading through on this internet site, it has wonderful posts.
fantastic points altogether, you just received a new reader. What could you recommend about your publish that you simply made a few days in the past? Any certain?
There is visibly a lot to identify about this. I suppose you made certain nice points in features also.
I just wanted to post a brief note to thank you for some of the stunning instructions you are writing on this site. My time intensive internet search has at the end of the day been recognized with pleasant facts and strategies to talk about with my neighbours. I ‘d tell you that most of us visitors actually are really lucky to exist in a remarkable website with very many wonderful people with helpful techniques. I feel very blessed to have come across your entire web page and look forward to so many more brilliant moments reading here. Thanks again for a lot of things.
You have remarked very interesting details! ps decent internet site. “Every man over forty is a scoundrel.” by George Bernard Shaw.
Real nice design and wonderful articles, nothing at all else we require : D.
Hi there, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you stop it, any plugin or anything you can suggest? I get so much lately it’s driving me insane so any assistance is very much appreciated.
I’m really inspired along with your writing talents as neatly as with the structure to your weblog. Is that this a paid topic or did you modify it your self? Anyway keep up the excellent quality writing, it is uncommon to see a nice blog like this one nowadays..
I have been exploring for a little bit for any high-quality articles or weblog posts in this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this information So i?¦m happy to exhibit that I’ve an incredibly just right uncanny feeling I discovered exactly what I needed. I so much unquestionably will make certain to do not disregard this web site and give it a look regularly.
Wow! Thank you! I constantly wanted to write on my site something like that. Can I take a part of your post to my website?