Ghana’s deal with Eurobond holders gets Official Creditor Committee’s approval

July 10, 2024 Ghana’s bilateral lenders through the Official Creditor Committee (OCC) have approved government’s deal with Eurobond holders on proposed terms to restructure about $13.1 billion debt....

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July 10, 2024 / Comments (0)

Finance Minister urges bondholders to accept terms reached in restructuring $13.1bn debt

June 26, 2024 The Finance Minister Dr. Mohammed Amin Adam has asked bondholders to accept the terms reached on restructuring some $13.1 billion owed Eurobond holders. According to him, Ghana will launch...

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June 26, 2024 / Comments (0)

Govt inches close to reaching deal with Eurobond holders

June 5, 2024 The government is nearing a deal with Eurobond holders regarding debt restructuring, following substantial progress made on the new terms for settling the $13 billion owed to creditors....

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June 5, 2024 / Comments (0)

Eurobond haircut: 40% too deep?

October 26, 2023 Ghana faces a monumental challenge as it navigates the intricate process of negotiating debt restructuring with its commercial creditors. Recent update from Finance Minister, Ken Ofori-Atta...

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October 26, 2023 / Comments (0)

Cedi expected to trade steadily this week; sells at ¢11.50 to a dollar

September 5, 2023 The Ghana cedi is expected to trade steadily this week as the Bank of Ghana intervenes in the market to cool off the pressure on the local currency. Last week, the cedi came under renewed...

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September 5, 2023 / Comments (0)

Investors demand insurance payment on Ghana’s Eurobond after default

March 7, 2023 A panel of investors and banks has ruled Ghana’s missed coupon payments on its foreign denominated bonds counts as a failure-to-pay event, paving the way for a payout of the...

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March 7, 2023 / Comments (0)

Ghana’s Eurobonds extend declines as restructuring hits snag

March 1, 2023 Ghana’s Eurobonds extended declines on Wednesday, March 1, 2023, after the country missed a self-imposed deadline to restructure its bilateral debt and S&P Global Ratings warned...

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March 1, 2023 / Comments (0)

Ghana’s eurobonds decline as government offer better terms to local securities investors

January 24, 2023 Ghana’s dollar bonds have fluctuated as concerns rise over the government’s offer of better terms to investors in local government securities, which may shift a bigger burden of a...

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January 24, 2023 / Comments (0)

EUROBOND HOLDERS CONSTITUTE COMMITTEE

January 10, 2023 International holders of Ghana’s Eurobonds have constituted bondholder creditor committee in response to Ghana’s announcement suspending   certain categories of external debt pending...

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January 10, 2023 / Comments (0)

IMF advises government on debt situation

July 22, 2021 The International Monetary Fund (IMF) has urged the government to use the ongoing fiscal consolidation efforts to streamline expenditures to help address the growing risks associated with...

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July 22, 2021 / Comments (0)