"Creditor committee members are committed to negotiate with the Republic of Ghana terms of a restructuring of their claims to be finalized in a Memorandum of Understanding," the statement posted by the Paris Club of creditor nations on its website.
IMF Managing Director Kristalina Georgieva said the statement by official creditors provided "the necessary financing assurances for the IMF Executive Board to consider the proposed Fund-supported program and unlock much needed financing from Ghana’s development partners".
Ghana secured a staff-level agreement with the IMF for the $3 billion support package in December. But for the money to be disbursed, the IMF executive board must formally approve it - a step that required prior financing assurances from official creditors.
Ghana's finance ministry said on Twitter the government was ready to go to the IMF board.
Ghana is negotiating its international debt rework under the Group of 20's Common Framework platform.
Some $5.4 billion of debt to official creditors has been earmarked for restructuring, according to government data. The nation is also in talks to rework $14.6 billion of debt to private overseas creditors.
Like other smaller, riskier emerging-market countries including Zambia, Ghana faces a debt overhaul after its already strained finances buckled under the economic fallout from COVID-19 and Russia's invasion of Ukraine.
