Grapevine

By My Joy Online
Aug 20, 2024

Ghana’s debt distress classification to be reviewed after deal with external commercial creditors

Robert Taliercio O'Brien

The World Bank Country Director Robert O’Brien has revealed that Ghana’s classification as high debt distress country will be reviewed as soon the country reaches a deal with the external commercial creditors.

Mr. O’Brien noted that there are some technicalities surrounding the debt classification processes for countries.

This, he explained is the reason the progress made in reaching an Agreement in Principle with the bilateral creditors did not reflect in the latest Debt Sustainability Analysis done on the country.

He disclosed this on PM EXPRESS Business Edition with host George Wiafe.

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Ghana’s debt distress classification to be reviewed after deal with external commercial creditors

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