Finance minister Ken Ofori-Atta will travel to Beijing on Wednesday to meet Chinese officials to discuss a proposed restructuring of Ghana’s debt.
Ghana, which is struggling with its worst economic crisis in a generation, secured a staff-level agreement with the International Monetary Fund (IMF) in December for a $3 billion loan, though asking lenders to provide financing assurances is a condition for the IMF’s board to sign off the programme.
China is Ghana’s biggest bilateral creditor with about $1.7 billion of debt.
The government’s current priority is to secure IMF board approval, with the fine details of debt treatment operations to follow later, the source added.
The meetings will take place on Thursday and Friday.