Ghana is set to benefit from a $2.2 billion external debt relief from adopting the HIPC initiative. In return Ghana has to spend a major part of its future budgets on social service programs, mostly Education and Health and in addition divest some state-owned enterprises. The World Bank / IMF is to monitor the level of poverty reduction to be achieved by Ghana, commensurate with the level of external debt relief received.
Source: GhanaWeb
