Ghana's Finance Minister announces accelerated debt restructuring negotiations for $13bn international bonds.
Ghana's Finance Minister, Mohammed Amin Adam, has stated the government is working to speed up debt restructuring negotiations, aiming to reach a deal to rework $13bn of international bonds. The West African nation is currently in talks with overseas investors to restructure its debts, having defaulted on most of its $30bn external debt in December 2022 due to soaring debt costs and inflation. The government had previously reached a deal in principle to restructure $5.4bn of loans with official creditors.
March 26, 2024
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