Ghana's Finance Minister expects a draft Memorandum of Understanding
(MoU) from the country's bilateral creditors in May on a restructuring
deal, he said on Sunday.
The MoU, once signed, would cement a
deal to restructure $5.4 billion of loans with its official creditors,
including China and France, agreed in January.
The restructuring
is a milestone in Ghana's quest for debt relief as it charts its way out
of the worst economic crisis in a generation and should unlock further
tranches of its $3 billion programme with the IMF.
Speaking on
the sidelines of the IMF and World Bank Spring Meetings in Washington,
Mohammed Amin Adam also said he was confident the International Monetary
Fund's executive board will approve in June the review of its
staff-level agreement.
Source: Reuters
