Ghana Clinches Deal With Creditors, Paving Way Toward IMF Aid
- MoU with creditor committee formalizes January deal on debt
- IMF aid flows may help support cedi after 20% plunge this year
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Ghana reached a deal with creditors formalizing debt treatment plans agreed in January, opening the the way for the disbursement of aid from the International Monetary Fund, the finance ministry said Wednesday.
“The financial terms of the agreement remain unchanged,” the ministry said in a statement. “It provides significant debt service relief during the IMF-supported program period, allowing financial resources to be directed toward critical areas such as infrastructure, health care and education.”