The International Monetary Fund will not require the Ghanaian government to make further adjustments, Mr Abebe Selassie, the Director of the African Department at the Bretton Woods Institution has said.

He expressed confidence that ongoing discussions among official creditors would facilitate the conclusion of talks, leading to the release of the third tranche of funds.

Mr Selassie emphasised Ghana’s compliance with its obligations in securing the third tranche, underscoring the remaining responsibility on external creditors to fulfil their commitments for the board's approval of the disbursement.

Responding to questions during a session at the World Bank and IMF Spring Meetings in Washington on Thursday, April 18, Mr Selassie stated: “While it took Zambia nine months or more to establish the official creditor committee, Ghana's case progressed rapidly, enabling us to go to the board and get the program approved".

“We are hopeful that ongoing discussions among official creditors will also allow us to conclude the upcoming review expeditiously. The most recent mission reached an agreement with the government on necessary policies to address recent issues and establish an important budget for next year."

“Ghana has fulfilled its obligations, and it's now up to creditors to take action. We won't ask the government to make additional adjustments because creditors haven’t requested them either. We will provide all necessary information so creditors can proceed, allowing us to go to the board as soon as possible.”

Earlier this week, Ghana announced it had not reached a workable debt deal with two bondholder groups in its effort to restructure $13 billion of international bonds, dealing a blow to its bid to swiftly emerge from default and economic crisis.

Formal talks were temporarily halted after the IMF indicated that the deal would not meet its debt sustainability criteria, the government stated in a release.

“We will continue negotiations until we reach a deal consistent with IMF debt sustainability targets,” said the office of Finance Minister Mohammed Amin Adam, following the release of the regulatory statement.