Ghana’s finance ministry says some financing assurances could be secured soon after meetings with China. Ghana secured a staff-level agreement through the International Monetary Fund in December for a $3 billion loan but must first ask bilateral lenders to provide financing assurances on existing debts before the IMF board can sign off on the programme.
In a tweet, finance minister Ken Ofori-Atta said “So far had very positive and encouraging meetings in China! Looking forward to securing external assurances very soon, even as we pass our outstanding domestic revenue bills back home. Great progress and all fronts”.
China’s commerce ministry said on Friday that its vice commerce minister met with Ghana’s finance minister in Beijing on Thursday to discuss strengthening bilateral economic and trade cooperation. China is Ghana’s biggest bilateral creditor with about $1.9 billion of debt, according to Ghana’s finance ministry.
