US Vice President, Kamala Harris has entreated Ghana’s foreign creditors to help the country meet its debt servicing obligation.
Madam Harris believes this will enable Ghana successfully negotiate the bailout it is seeking from the International Monetary Fund (IMF).
Ghana's economy is currently in turmoil as the government knocks on the IMF's doors for a financial facility amid a painful domestic debt restructuring programme.
![](https://www.myjoyonline.com/wp-content/uploads/2023/03/US-government-meeting-with-Prez-Akufo-Addo.jpg)
Finance Minister, Ken Ofori-Atta also just returned from a trip to China to negotiate external debt forgiveness to enable it to secure the expected $3 billion cushion from the Fund.
But speaking at the Jubilee House in Accra, Kamala Harris expressed support for the "engagement with the IMF."
She insisted that the Biden administration "will continue to push for all bilateral creditors to provide meaningful debt reduction for countries that needed including Ghana."
"We must work together as an international community to ease the debt burden that is facing far too many countries," she added on Monday, March 27, 2023.
She also announced the US government is committing $100 million to combat terrorism in some coastal West African countries.
![](https://www.myjoyonline.com/wp-content/uploads/2023/03/Harris-and-President-Akufo-Addo-and-wife.jpg)
These include Ghana, Guinea, Cote D'Ivoire, Benin and Togo. This, she said forms part of President Joe Biden's strategy to prevent violent extremism and promote stability.
Madam Harris is currently embarking on a one-week tour which will see her visit Ghana and two other African countries – Tanzania and Zambia.
Latest Stories
-
Paris 2024: Opening ceremony showcases grandiose celebration of French culture and diversity
2 hours -
How decline of Indian vultures led to 500,000 human deaths
3 hours -
Paris 2024: Ghana rocks ‘fabulous fugu’ at olympics opening ceremony
3 hours -
Trust Hospital faces financial strain with rising debt levels – Auditor-General’s report
3 hours -
Electrochem lease: Allocate portions of land to Songor people – Resident demand
4 hours -
82 widows receive financial aid from Chayil Foundation
4 hours -
The silent struggles: Female journalists grapple with Ghana’s high cost of living
4 hours -
BoG yet to make any payment to Service Ghana Auto Group
4 hours -
‘Crushed Young’: The Multimedia Group, JL Properties surprise accident victim’s family with fully-furnished apartment
5 hours -
Asante Kotoko needs structure that would outlive any administration – Opoku Nti
5 hours -
JoyNews exposé on Customs officials demanding bribes airs on July 29
6 hours -
JoyNews Impact Maker Awardee ships first consignment of honey from Kwahu Afram Plains
7 hours -
Joint committee under fire over report on salt mining lease granted Electrochem
7 hours -
Life Lounge with Edem Knight-Tay: Don’t be beaten the third time
7 hours -
Pro-NPP group launched to help ‘Break the 8’
7 hours