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This follows IMF Executive Board approval, on May 17, of a 36-month USD3bn Extended Credit Facility (ECF) aimed at addressing the country’s debt crisis. This was followed…
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…
The ruling New Patriotic Party (NPP) and its presidential nominee for the December 2024 general election, Vice President Mahamudu Bawumia, will look to take credit for these…