• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

IMF assures continued financing for Ghana despite not reaching agreement with private creditors

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
82
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IMF assures continued financing for Ghana despite not reaching agreement with private creditors

The International Monetary Fund (IMF) has reassured Ghana that despite not reaching an agreement with its Eurobond holders, it will continue to provide more financing to the country.

This reassurance was made by Abebe Selassie, the African Director of the IMF during a press conference at the ongoing IMF/World Bank Spring Meetings in Washington, DC.

He stated that the IMF has always adjusted its policies to support countries in a timely and efficient manner.

Speaking further at the press briefing, Mr Selassie expressed hope for a positive outcome in the negotiations between Ghana and its commercial creditors saying, “With respect to Ghana, discussions are ongoing just a few months after official creditors provided financing assurances. The government is in good faith discussions with their creditors, and we hope that there will be an outcome. Although they have not reached an agreement with their Eurobond holders, this will not prevent us from providing more financing, although reaching that agreement is, of course, important.”

He further clarified the status of negotiations with bilateral creditors, saying, “As of now, there is no MOU [Memorandum of Understanding] with bilateral creditors, but we know that there have been intensive discussions in recent weeks and those are continuing. We are very hopeful that there will be an agreement with bilateral official creditors. They have provided financing assurances, and that remains in effect. So, we are not envisaging that it will be an issue for our ability to conclude the next review and provide the pending disbursement.”

Regarding discussions with commercial creditors, Mr Selassie mentioned that the government had shared some terms under consideration with the IMF.

RelatedPosts

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

“Staff has provided input on whether these terms were consistent with program parameters, and the government has decided that they would not pursue this deal just yet. We are hopeful that there will be movement and that they can reach an agreement consistent with the program parameters, helping lower Ghana’s debt burden at the right level and avoiding excessive sacrifices by the people of Ghana,” he quipped.

He expressed confidence in the Government’s ability to conclude a debt restructuring deal with its commercial creditors asserting, “I am hopeful also that the private sector creditors are also approaching it with that view. But negotiations take time, and I am not sure I can give a timeline. This is something that is between Ghana and its creditors, so I will leave it at that.”

Source: norvanreports I IMF/World Bank April Spring Meetings
Tags: ghanaIMFIMF reassures continued financing for Ghana despite not reaching agreement with private creditorsprivate creditors
No Result
View All Result

Highlights

BoG Designates Digital Credit Services as Non-Bank Financial Service

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition

Brussels Airlines Adds 5 More A320neo Aircraft to its Fleet

Bog Governor Hints at $4bn Inflows From COCOBOD Financing Deal to Support Cedi

Trending

Business

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

August 29, 2025

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns Ghana Link Network Services Ltd,...

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

August 29, 2025

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

August 29, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

BoG Designates Digital Credit Services as Non-Bank Financial Service

August 29, 2025

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.