Ghana has secured funding assurances from a group of bilateral creditors led by China and France, setting the stage for the IMF’s approval of a USD 3 bln bailout. The government has taken stringent economic measures, including tax hikes, and rescheduling domestic loan payments. The country owes a bilateral debt of USD 1.9 bln, a small fraction of its total public debt of 575.7 bln cedis (USD 53 bln) as of November’s end.