Playback: PM Express discuss Ghana's external debt crisis

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A high-powered government delegation will visit China later this week to convince authorities there to accept Ghana’s proposal for debt cancellation with the Paris club.

It is part of the government’s restructuring of its external debts as Ghana hopes to restructure $5.7 billion with China holding a third of it, amounting to $1.7 billion.

Finance Minister, Ken Ofori-Atta who is leading the delegation told Svenja Schulze, a German Minister that China has committed to a bilateral negotiation.

In view of that, he is hopeful a deal can be reached to enable Ghana to present her case before the International Monetary Fund (IMF) board.

Guests for Wednesday night’s discussion on Ghana’s next big debt hurdle to assessing the way forward are; Senior Credit Research Analyst Redd Intelligence, Mark Bohlund, Director of Centre for Asian Studies, Dr Llyoyd George Adu Amoah and Economist, Prof. Godfred Bokpin.

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Debt crises

PM Express