May 19, 2024

The Eye Of Africa

China agrees to sign MOU with Ghana for debt structuring – Ken Ofori Atta

1 min read

The Finance Minister of Ghana, Ken Ofori-Atta, has announced that Ghana has secured assurances from China and France to proceed with a Memorandum of Understanding (MoU) for the restructuring of Ghana’s external bilateral debts.

Mr. Ofori-Atta mentioned that Ghana has engaged with the Central Bank Governor of China and has not encountered any opposition or reluctance regarding the MoU for debt restructuring.


He also pointed out that the Chinese government has been involved in similar debt restructuring deals with other countries, such as Zambia, Sri Lanka, and Suriname, and he expects cooperation from China in Ghana’s case as well.


“We have met the Central Bank Governor of China and we don’t perceive any opposition or reluctance in participating positively when it comes to the Memorandum of Understanding on restructuring of our external bilateral debts.

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