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The announcement thereby removes one of the last major obstacles standing in the way of a comprehensive debt resolution for the country.
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DOI: 10.1108/OXAN-DB288788
ISSN: 2633-304X
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GHANA: Debt deal may lead to more spending
GHANA: Debt talk failure will postpone final deal
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DOI: 10.1108/OXAN-ES286464
ISSN: 2633-304X
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This follows a January agreement with official creditors, who are owed approximately USD5.4bn. That allowed the country to receive the second disbursement of USD600mn from the IMF…
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…
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DOI: 10.1108/OXAN-DB285036
ISSN: 2633-304X
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GHANA: Bawumia faces uphill struggle for presidency
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…
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 decision applies to Ghana’s Eurobonds, commercial term loans and most of its bilateral debt. It does not apply to multilateral debt. The government, which reached a…
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DOI: 10.1108/OXAN-DB274952
ISSN: 2633-304X
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Geographic
Topical
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…