General News

Progress made with China on Ghana’s debt treatment a crucial step

Economist and Greater Accra Chairman of the Association of Ghana Industries (AGI), Tsonam Akpelo has lauded the progress made by the government with China on resolving the present short-term liquidity challenges.

This follows assurances by the Chinese Minister of Finance, Liu Kun of his country’s willingness to continue to support Ghana’s medium and long-term developmental aspirations.

The Finance Minister, Ken Ofori-Atta, is currently in the Asian country which is one of Ghana’s major creditors to secure some debt restructuring as part of efforts towards securing the 3 billion dollar bailout from the International Monetary Fund.

Mr. Akpelo said, “the progress made with China is a crucial step towards getting a program with the fund.”

Ken Ofori-Atta travelled to Beijing on Wednesday to meet Chinese officials to discuss a proposed restructuring of Ghana’s debt, according to a source with knowledge of the talks.

China on Thursday revealed that it would like to enhance communications with Ghana to seek a proper resolution of Ghana’s debt issue, its foreign ministry said.

Spokesperson Wang Wenbin made the remark in response to a question on Ghana’s finance minister visiting Beijing for a proposed restructuring of Ghana’s debt.

Back to top button