DDEP: No Creditor Is Granted Preferential Treatment- Finance Ministry

The Ministry of Finance has downplayed claims that preferential treatment is given to some international creditors in the debt restructuring programme.

According to the Ministry, Ghana continues to make “good progress” in the discussions with all remaining creditors included in the debt restructuring perimeter.

“In line with Ghana’s commitments to the official creditors, under the G20 Common Framework, no creditor has been treated preferentially.”

It noted that this is consistent with the principle of Comparability of Treatment.

“We have strictly applied the provisions in the Memorandum of Understanding with our official creditors, and in particular, have continued to remain in arrears with all external creditors included in the debt restructuring perimeter.”

It added that the Government remains committed to achieving a fair and mutually beneficial resolution with all creditors and thanks its partners for their forbearance, cooperation and support.

Source: https://opemsuo.com/author/hajara-fuseini/