The "working proposal" is a crucial first step for the cocoa, gold and oil producer to engage the official creditor committee after itsIt marks the opening of a more detailed negotiating process that will likely see a number of proposals being exchanged.
Ghana intends to finish restructuring its domestic debt before turning to negotiations with its official, bilateral creditors and international bondholders, a government official said. The sources did not confirm the details of the proposal or the date on which it was sent. A spokesperson for Ghana's finance ministry did not immediately comment.in interest payments on its external debt over the next three years to successfully implement a $3 billion loan deal from the International Monetary Fund .
Its debts to countries including China and members of the Paris Club of creditor nations were $5.