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Ghana pays $910mn interest in domestic debt restructuring deal

Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
  • Sixth coupon paid under debt exchange
  • Second full cash settlement without PIK

 

ACCRA, GHANA – Ghana has paid $910mn in interest under its domestic debt restructuring programme, marking a major milestone in efforts to restore fiscal stability and rebuild investor confidence.

The Ministry of Finance announced on Wednesday that the payment represents the sixth coupon settlement under the Domestic Debt Exchange Programme and the second made entirely in cash, without any Payment-In-Kind (PIK) component.

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