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Reuters
Reuters
Business

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

FILE PHOTO: A man trades U.S. dollars for Ghanaian cedis at a currency exchange office in Accra, Ghana, June 15, 2015. Picture taken June 15. REUTERS/Francis Kokoroko

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)

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