• 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

GCB Capital Research highlights hurdles in MoU talks with OCC for Ghana’s $600m second tranche

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
119
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GCB Capital Research highlights hurdles in MoU talks with OCC for Ghana’s $600m second tranche

As Ghana aims to swiftly finalize the Memorandum of Understanding (MOU) with Official Creditors, the Finance Minister faces a tight deadline to complete the first review of the country’s 3-year program at the IMF Board level.

According to GCB Capital Research, two prominent issues emerge as significant hurdles in reaching an agreement.

First, is the determination of the “cut-off date” for eligible debts, and second, is the complex “comparability of treatment” clause within the Common Framework.

Ghana needs to reach a restructuring deal with its official creditors to secure the International Monetary Fund executive board’s approval for the next $600 million payout from the $3 billion rescue loan.

Official creditors, who hold about $5.4 billion of Ghana’s $20 billion external debt that is being restructured, were considering dates in March 2020 and December 2022 as possible cut-off dates.

While Dec. 31, 2022 is close to when Ghana defaulted, March 24, 2020 was being considered as a cut-off date because that was when the G20 introduced its debt service suspension initiative (DSSI) to help the world’s poorest countries cope with the fallout of the COVID-19 crisis.

RelatedPosts

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

Transfer DealSheet: Latest on Benjamin Sesko, Nicolas Jackson and More

Gov’t Targets 650,000 Tonnes of Cocoa Production for 2025/26 Crop Season, Eyes 1 Million Tonne Output in the Long-term 

While Ghana expresses willingness to accept any proposed cut-off date, contention looms over the suggested 30% to 40% haircut for commercial creditors.

Commercial creditors are anticipated to resist the proposed principal haircut, potentially jeopardizing the smooth progress of the debt negotiation.

Compromises on the part of the Government could also risk falling short of the ambitious targets outlined in the IMF programme.

The urgency to establish clear parameters for external debt treatment is paramount, as it directly impacts macroeconomic stability, fiscal and debt sustainability, and market access.

With the clock ticking, the government of Ghana finds itself racing against time to secure an agreement that not only unlocks the second disbursement under the IMF program but also addresses crucial economic imperatives.

 

Tags: $600m second trancheGCB Capital ResearchGCB Capital Research highlights hurdles in MoU talks with OCC for Ghana's $600m second trancheIMF
No Result
View All Result

Highlights

Shoprite to Exit Ghana and Malawi Sharpening Focus on Core South African Market

Gold Fields Forecasts Total Gold Production of 2.4 Million Ounces for 2025

Gold Fields Projects 236% Rise in H1 Profit on Strong Output and Record Gold Prices

Price, Power, and Policy: A Legal and Economic Examination of the DSTV Pricing Dispute in Ghana

GCB Bank Honoured for Excellence in Project Delivery at 2025 PMEA

Top 10 African Countries With The Highest Borrowing Costs in 2025

Trending

Features

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

August 5, 2025

Lewis Hamilton's Future at Ferrari in Question After Tough Hungarian GP Lewis Hamilton's tumultuous start at Ferrari...

Transfer DealSheet: Latest on Benjamin Sesko, Nicolas Jackson and More

August 5, 2025

Gov’t Targets 650,000 Tonnes of Cocoa Production for 2025/26 Crop Season, Eyes 1 Million Tonne Output in the Long-term 

August 5, 2025

Shoprite to Exit Ghana and Malawi Sharpening Focus on Core South African Market

August 5, 2025

Gold Fields Forecasts Total Gold Production of 2.4 Million Ounces for 2025

August 5, 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.