- Ghana is set to begin intensive negotiations with external creditors next week, targeting a comprehensive debt restructuring by Q1 2024.
- The restructuring includes a 30-40% haircut on Eurobonds and seeks to secure a $10.5 billion debt service relief during the IMF program period.
Ghana is poised to start intensive negotiations with its external creditors next week, as disclosed by a confidential source at the Ministry of Finance to AD today. The government aims to complete a comprehensive debt restructuring before the IMF conducts its second review of the country’s $3 billion Extended Credit Facility (ECF) by mid-2024.
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