An official from the International Monetary Fund says that a deal with bondholders is "a matter of time"
Ghana's government said it had not been able to reach a workable restructuring agreement with two groups of holders of about $13 billion in overseas bonds. The IMF said a previous proposed deal would not fit its parameters. Earlier this week, Ghana said talks would continue until it finds a deal consistent with the IMF's debt sustainability targets.
International Monetary Fund review of Kenya’s $4.43 billion funding program will continue in Washington. IMF staff mission to East African nation continues after staff mission. IMF has extended Kenya's funding program to Washington. Kenyans need to find a way to boost their finances.
Ghana reached an agreement with International Monetary Fund staff that puts it closer to accessing about $360 million in financing by June. Ghana reached a deal with staff-level deal with the IMF to access the funds. Ghana is expected to be able to access $360million in financing from June.