Ghana Debt Restructuring

KEY POINTS This year’s upgrade of Ghana’s credit rating by Moody’s to ‘Caa2’ and the positive outlook is a major achievement in the country’s economic path. As reported by Reuters,…

Moody’s upgrades Ghana’s credit rating, citing successful debt restructuring and improved fiscal consolidation supported by an IMF program.

Ghana’s Finance Minister celebrates the successful conclusion of major debt restructuring, marking a significant step toward economic stability.

Ghana’s negotiations to restructure $13 billion in international bonds falter as IMF deems proposed terms inadequate for long-term debt sustainability.

The Ghanaian cedi has depreciated 8.63% against the US dollar since January 2024, spotlighting economic hurdles amid ongoing debt restructuring discussions.

In a pivotal meeting set for Monday, Ghana’s official creditors, including key players from China and France, will convene to deliberate on the restructuring of approximately $5.4 billion in loans.…