• 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

Ghana’s Finance Minister bullish on securing external financing assurances from China

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
68
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana’s Finance Minister bullish on securing external financing assurances from China

Ghana’s Finance Minister, Ken Ofori-Atta, has expressed his optimism about securing external financing assurances from China soon, as he seeks to fast-track the country’s quest for support from the International Monetary Fund (IMF).

The West African nation secured a staff-level agreement with the IMF in December last year for a $3 billion loan, which is subject to bilateral lenders providing financing assurances on existing debts before the IMF board can sign off on the program.

Ofori-Atta has recently led Ghana’s delegation to China for high-level meetings with its Chinese counterparts, aimed at securing the necessary external financing assurances. In a tweet, the minister noted that the meetings have been positive and encouraging, raising hopes for an imminent breakthrough on this critical front.

The government’s push for external financing assurances comes as Ghana faces mounting fiscal pressures, driven by the COVID-19 pandemic and the country’s ongoing efforts to revive its struggling economy.

With the IMF loan package held up by the need for bilateral financing assurances, securing this external support would be a crucial boost for the government’s economic agenda, allowing it to access much-needed funding to support its recovery and reform efforts.

Ofori-Atta’s confidence in Ghana’s ability to secure external financing assurances is also bolstered by the country’s experience under the common framework for debt treatment. The common framework, established in November 2020, provides a platform for countries to work together on debt relief and sustainability issues, with a focus on promoting transparency and reducing the risks of debt distress.

RelatedPosts

President Mahama’s Speech as he Addresses Nation After Military Helicopter Crash [Full Text]

President Mahama Pledges Full, Transparent Probe into August 6 Military Helicopter Crash

State Funeral for Victims of Military Helicopter Crash Scheduled for August 15 – President Mahama

Ghana’s experience under the common framework has been positive so far, with the country successfully securing debt relief from the G20 nations and other bilateral creditors.

This progress bodes well for Ghana’s efforts to secure financing assurances, as it demonstrates the government’s commitment to sound economic management and its willingness to work constructively with its international partners.

Overall, Ghana’s push for external financing assurances is a critical step in its efforts to secure IMF support and revive its struggling economy. The positive meetings with Chinese counterparts and the government’s track record under the common framework provide reasons for cautious optimism, but there are still significant challenges ahead.

As the country continues to grapple with the COVID-19 pandemic and its economic fallout, the government will need to demonstrate continued commitment to fiscal discipline and reform, while also pursuing innovative solutions to its debt sustainability challenges.

Tags: ChinaGhana's Finance Minister bullish on securing external financing assurances from ChinaIMFKen Ofori-Atta
No Result
View All Result

Highlights

Black Box of Crashed Military Helicopter Recovered – Ashanti Regional Minister Confirms

Importers and Exporters Association Mourns Victims of Helicopter Crash

Remains of Military Helicopter Crash Victims Flown to South Africa for DNA Identification

Ghana Holds Wreath-Laying Ceremony at Jubilee House in Honour of Helicopter Crash Victims

AfCFTA Secretary-General Mourns Ghana Helicopter Crash Victims

15% US Tariff on Ghanaian Exports Takes Effect Today

Trending

Features

President Mahama’s Speech as he Addresses Nation After Military Helicopter Crash [Full Text]

August 7, 2025

President Mahama’s Speech as he Addresses Nation After Military Helicopter Crash Good evening, my countrymen and...

President Mahama Pledges Full, Transparent Probe into August 6 Military Helicopter Crash

August 7, 2025

State Funeral for Victims of Military Helicopter Crash Scheduled for August 15 – President Mahama

August 7, 2025

Black Box of Crashed Military Helicopter Recovered – Ashanti Regional Minister Confirms

August 7, 2025

Importers and Exporters Association Mourns Victims of Helicopter Crash

August 7, 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.