Yofi Grant, CEO of the Ghana Investment Promotion Center (GIPC), has stated that Ghana is scheduled to undertake external debt restructuring, which is likely to deliver funding of roughly $2.5 billion in the coming days.
The news came as the GIPC stated that discussions with major partners are expected to be completed by the end of the week.
The CEO stressed that the existing budgetary shortfalls will be addressed by external funding measures such as a $3 billion deal with the International Monetary Fund (IMF) and the previously discussed debt restructure.
“With the current fiscal gaps, we anticipate external financing for the budget through the anticipated $3 billion agreement with the IMF. Additionally, we are working on some external debt restructuring to provide financing of approximately $2.5 billion.”
“We anticipate concluding negotiations with our other key partners tomorrow to further enhance our financial position,” he added.
