Ghana closes in on long-running debt restructuring finishing line
Ghana received the approval for more than 90% of bondholders to restructure and exchange $13 billion of international debt, it said on Thursday, clearing the last hurdle in its protracted debt rework.
Ghana Bondholders Overwhelmingly Support Debt Restructuring
Ghana received “overwhelming” participation and support from its international bondholders to restructure $13 billion of its overseas bonds, a key step of the West African nation’s debt rework.
More than 96% of Ghana’s debt has now been restructured — Finance Minister
Ghana has successfully restructured more than 96% of its debt, marking a significant milestone in the country rsquo;s economic recovery and positioning it closer to its 2028 debt sustainability goals,
Ghana saves $5bn from Eurobond debt restructuring
In a significant move towards economic recovery, Ghana has successfully completed its Eurobond debt exchange, restructuring $13 billion of its external debt. This achievement follows the completion of the Domestic Debt Exchange Programme (DDEP) and the Memorandum of Understanding (MoU) with the Official Creditors Committee (OCC).
Ghana: Bondholders take 37% haircut in debt restructuring deal
The haircut on $13bn of debt is the largest in African history – the country’s economy has struggled with low economic growth.
Ghana to exit default after two years with debt restructuring
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Corruption Is The Main Reason Why Ghana Is So Deeply Indebted And Still Borrowing – Nana Ohene-Ntow
Ntow, Senior Advisor and Director of Election Planning and Coordination for the Afrafranto Alliance and the leader of the Caravan Team in the Bono Region, has passionately stated that corruption is ...
IMF and Ghana reach staff-level deal on $3 billion loan-programme review
International Monetary Fund staff and officials in Ghana have reached an agreement on their third review of the West African ...
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Ghana to resume debt repayment in two weeks – Finance Minister
Ghana is set to resume the payment of debt it owes to Eurobond holders in about two weeks, having successfully completed its ...
Ghana’s debt restructuring sets new standards on Eurobond market — Finance Minister
Dr. Mohammed Amin Adam, Minister for Finance, says Ghana’s debt restructuring sets new standards on the bond market for ...
Debt burden threatens poor countries' development goals, UN official says
The world's poorest countries are having to prioritize debt service over investments, United Nations Development Programme ...
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Judgement Debt: Trafigura Threatens To Seize Ghana's Properties In South Africa If Debt Not Settled
Oil conglomerate Trafigura has petitioned Ghana’s Finance Minister, Dr Mohammed Amin Adam, regarding a judgment debt the ...
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Ghana Completes Eurobond Debt Exchange
Dr. Mohammed Amin Adam Minister of Finance, Dr. Mohammed Amin Adam, has announced the completion of the country’s Eurobond ...