Ghana is no more on HIPC; IMF debunks ‘false’ social media reports

Ghana is no more on HIPC; IMF debunks ‘false’ social media reports

- There were various reports that the Akufo-Addo-led government has led Ghana into the category of HIPC

- The IMF has debunked the claims that Ghana has been added to the list of HIPC

- The IMF stated that, the HIPC initiative is closed for countries that have already reached the completion point

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On Tuesday, October 27, 2020 there were various social media reports claiming that the Akufo-Addo-led government has led Ghana into the category of Heavily Indebted Poor Countries (HIPC)

In a report filed by CitiNews, the International Monetary Fund (IMF) has debunked the claims that Ghana has is HIPC.

Ghana is more more on HIPC; IMF debunks ‘false’ social media reports

Ghana is more more on HIPC; IMF debunks ‘false’ social media reports Source: Blockchain News
Source: UGC

Per the modalities of getting onto the HIPC initiative, the IMF stated that, the initiative is closed for countries that have already reached the completion point.

Explainer: What it means to be a Heavily Indebted Poor Country (HIPC)

The IMF Resident Representative to Ghana, Dr. Albert Touna-Mama said Ghana successfully reached the Completion Point in July 2004.

HIPC was launched in 1996 by the World Bank and the IMF to eliminate unsustainable debt in the world’s poorest and most heavily indebted countries.

In other news, Ghanaian actor turned politician, John Dumelo, has distributed a total of 4,000 HP laptops to some of his constituents ahead of the December general elections.

In a tweet sighted by YEN.com.gh, Dumelo indicated that he long promised students in the constituency that he would support them with educational materials.

He said he pledged his support to improve their education and make learning easy with the laptops.

The actor also revealed that he started sharing the laptops weeks ago, meaning that some people might have received their share already.

Some of the beneficiaries who spoke about the donation shared they grateful to the actor. One of them revealed that it was the first time the entire family was going to own a laptop.

Oppong Nkrumah refutes claims that Ghana is back to HIPC; says reports are false

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Source: Yen News

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