China

Ghana agreed with bilateral creditors, including China and France, to restructure USD 5.4 bln of debt, a key step towards securing USD 360 mln from the IMF. The memorandum of understanding with creditors aims to reduce Ghana’s public debt-to-GDP ratio from 88.1% in 2022 to 55% by 2028, aligning with the terms set under the G20 Common Framework for equitable debt treatment.