Search

Ghana Accelerates Debt Restructuring Talks with External Creditors

Allen dreyfus Logo
© Allen Dreyfus
  • 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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Sammy Gyamfi, CEO of Ghana Gold Board. Photo credit: Ghana Gold Board
Sammy Gyamfi: the young CEO behind Ghana’s new gold revolution
Read More »
A vast array of solar panels, symbolising renewable energy. Photo by Quang Nguyen Vinh @ Pexels
How Eskom's $65mn renewable push could position Africa as a clean-power powerhouse
Read More »
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
Can Ethiopia’s sweeping reforms finally unlock Africa’s next growth engine?
Read More »

Recent Politics

Ambassador Berhanu Tsegaye, State Minister at the Ministry of Foreign Affairs of the Federal Democratic Republic of Ethiopia.
Opinion: Growth, peace and elections power Ethiopia’s next chapter
Read More »
A protester holding the Kenyan flag during a demonstration in Nairobi's streets. Photo: @Pexels
How Ruto’s fuel policies triggered public outrage in Kenya
Read More »
French President Emmanuel Macron and Kenyan leader William Ruto at the Africa Forward Summit. Photo @William Ruto/Facebook
Can France win Anglophone Africa after Sahel influence collapse?
Read More »

Latest Posts

Latest news insights