The former Minister of Finance, Seth Terkper, has raised concerns over the potential jeopardy to Ghana’s international cash flows if discussions on external debt restructuring come to a standstill.
Despite this apprehension, Terkper remains cautiously optimistic about the country’s ability to secure an agreement by the end of the upcoming week.
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In a statement quoted by norvan reports, Terkper remarked, “I hope we can avert not reaching a deal with the creditors, otherwise, unless we get some waiver, flows from the IMF and World Bank will be in jeopardy, and we will still be locked out of the international capital market. I hope the Government will rally and meet the required conditions so that we can overcome these current economic challenges.”
Echoing Terkper’s sentiments, the current Minister of Finance, Ken Ofori-Atta, also conveyed confidence in the government’s potential to finalize an agreement by the end of the coming week.
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Ofori-Atta addressed the issue, stating, “My hope is that by the end of next week, we’ll have what we need. One of the key issues is the cut-off date and ensuring that there is comparability of treatment.”
Both Terkper and Ofori-Atta’s statements highlight the urgency of reaching a consensus on external debt restructuring to safeguard Ghana’s international financial inflows and address prevailing economic challenges.
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