Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the proportion of Ghana's sovereign debt payments that are eligible for the Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative and are due to be made to (a) private creditors and (b) private creditors governed by English law.

According to Ghana’s latest joint World Bank/IMF Debt Sustainability Analysis, commercial creditors held 24.7% of GDP of Ghana’s public debt stock at end-2020. As most private debt takes the form of tradable instruments, the amount of international debt held by private creditors governed by English law can fluctuate on a regular basis. While Ghana has made an application to the Common Framework, the scope and terms of its debt treatment are yet to be agreed by creditors.