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Ghana Faces Stiff Resistance in Eurobond Restructuring Talks

  • Ghana is in tight negotiations with Eurobond holders, aiming for major concessions to achieve a 55% debt-to-GDP ratio by 2028.
  • Constraints from prior commitments to other creditors limit Ghana’s negotiation flexibility, increasing the stakes in current Eurobond talks.

 

Ghana is engaged in critical negotiations with its Eurobond holders, with the goal of achieving substantial concessions to meet an ambitious debt-to-GDP ratio target by 2028. A source from the Ministry of Finance, speaking confidentially to AD today, highlighted the challenges posed by existing commitments to domestic and bilateral creditors, including lowered interest rates and extended debt maturities.

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