G20 creditors ready to discuss Ghana debt, Paris Club official says

PARIS, Jan 19 (Reuters) – All member countries of the G20 group economic powers are on board to discuss restructuring Ghana’s debt and Paris Club members are prepared to form a creditor committee soon, an official from the Paris Club said on Thursday.

Ghana requested a restructuring of debt it owes to other governments earlier this month, becoming the fourth country to seek debt relief under a G20 Common Framework launched in 2020 by the major economic powers to streamline restructurings.

Ghana’s debt restructuring under the framework aims to include non-Paris Club creditors, such as China, which is the crisis-hit country’s biggest bilateral creditor.

Reporting by Leigh Thomas; editing Tassilo Hummel and Jason Neely

Our Standards: The Thomson Reuters Trust Principles.