• 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

Fitch expects Ghana’s Official Creditor Committee to set debt parameters by end of 2023

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

Fitch expects Ghana’s Official Creditor Committee to set debt parameters by end of 2023

Rating agency Fitch has underscored that the Official Creditor Committee (OCC), comprising the Paris Club and the Government of Ghana, is projected to reach a consensus on debt treatment parameters by the close of 2023.

However, Fitch anticipates that an accord with private creditors on comparable terms will be achieved by mid-2024. These agreements are seen as pivotal in facilitating Ghana’s exit from its current default status.

In its comprehensive analysis of Frontier Markets, Fitch emphasized that successful negotiations with both external creditors will pave the way for Ghana to transition out of default.

This development follows Zambia’s recent agreement with its external creditors, which has set a positive precedent for the resolution of sovereign restructurings in Frontier Markets.

The International Monetary Fund (IMF) has estimated that external debt restructuring will need to provide financing amounting to $10.5 billion between 2023 and 2026.

Notably, Ghana secured approval from the IMF Executive Board for a $3 billion Economic Credit Facility arrangement on May 17, 2022, following the establishment of the Official Creditor Committee for external debt treatment.

RelatedPosts

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

To restore debt sustainability, the IMF has called for a reduction of approximately 30% in Ghana’s public sector external debt. This development underscores the critical efforts aimed at addressing Ghana’s financial challenges.

No Result
View All Result

Highlights

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

Chamber of Mines Cautions Government Against Halving Mining Lease Tenure

Sidi Ould Tah Assumes Office As 9th President of the African Development Bank Group

Angola to Begin Fuel Production at First New Refinery in 50 Years

Fuel Prices Adjust Across Pumps as Cedi Depreciation Offsets Global Oil Decline

BoG Forex Rules Aiming to Ease Dollar Demand, Shift Exchange Burden to Residents – Dr Theo Acheampong

Trending

Banking & Finance

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

September 2, 2025

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering - Report Ghana’s banking...

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

September 2, 2025

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

September 2, 2025

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

September 2, 2025

Chamber of Mines Cautions Government Against Halving Mining Lease Tenure

September 2, 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.