ACCRA (Reuters) -Ghana’s parliament approved a $2.8 billion debt restructuring deal late Tuesday with 25 creditor nations, including China and France, aiding disbursements under an IMF bailout programme to alleviate the country’s worst economic crisis in decades.
The West African nation, the world’s second-largest cocoa producer, signed a memorandum of understanding with its creditors in January after defaulting on most of its external debt in December 2022.
The 25 participating creditor countries also include the United States, Germany, and the United Kingdom, demonstrating broad international support for Ghana’s economic recovery.
The International Monetary Fund (IMF) approved a $3 billion,…