Ghana's bilateral lenders are discussing the formation of an official creditor committee, a first step needed to engage in debt relief talks for the crisis-hit country, according to two sources with direct knowledge of the matter.
Chinese lending represents around 80% of non-Paris Club debt. The country's total external debt is $28.4 billion.in December, and after five extensions, they announced on Tuesday that they have received support from 80% of creditors.
The nation has said it hopes for a rapid debt overhaul, though other countries undergoing common framework treatment have faced slow progress.
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