Fitch affirms Ghana's debt ratings amid ongoing restructuring process.

Fitch Ratings affirmed Ghana's 'RD' Long-Term Foreign-Currency IDR and 'CCC' Long-Term Local-Currency IDR, reflecting ongoing debt challenges. Ghana made progress in its Common Framework restructuring process, reaching an agreement in principle on Eurobonds restructuring in June 2024, meeting IMF debt sustainability thresholds and the Common Framework's comparability of treatment clause. Ghana is expected to complete external debt restructuring by the end of 2024.

August 05, 2024
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