The Minority in Parliament says the second tranche of the $3 billion bailout package Ghana is hoping to receive from the IMF is in limbo.
The Caucus maintains that there is a disagreement between the government and the International Creditors’ Committee regarding the cut-off point for the external debt required in the debt restructuring exercise to secure the next tranche of $600 million from the IMF.
The Minority Leader, Dr. Cassiel Ato Forson made the allegation in his concluding remarks on the 2024 budget debate in Parliament on Wednesday, November 29, 2023.
“Mr. Speaker, it will interest you to know that there is a deadlock in the negotiation between Ghana and the International Creditors Committee (ICC) made up of China and the Paris Club 50. There is a major disagreement on the cut-off point, regarding the external debt that must be excluded from the restructuring. Mr. Speaker, I do not need to sound the alarm that at this point, Ghana is between a rock and a hard place.”
