Investment Times

Ghana has made tangible progress on signing a memorandum of understanding with its official creditors and is making good progress on its programme with the International Monetary Fund, its Managing Director Kristalina Georgieva said on Monday. The west African country reached a deal to restructure $5.4 billion of loans with its official creditors, including China and France, in January - a milestone in Ghana's quest for debt relief as it charts its way out of the worst economic crisis in a generation. The agreement with official creditors had been key to unlock further tranches of its $3 billion programme with...