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Ghana misses out on IMF’s Nov. 1 timeline for 2nd tranche as external debt...
Ghana has missed out on the November 1 timeline set in the International Monetary Fund (IMF) programme to get a second tranche...
Another round of domestic debt restructuring unlikely – Fitch
Rating agency, Fitch, says another round of local-currency debt exchange is unlikely in the near term.
In its...
Get your first debt restructuring right – IMF to debt trapped nations
Ghana is debt-trapped and has maintained its position as Africa’s highest borrower from the International Monetary Fund (IMF).
After...
UTAG rejects Finance Minister’s alternative debt restructuring for pension funds
The University Teachers Association of Ghana (UTAG) has rejected the government’s new proposed debt restructuring offer, which includes pension funds.
Ken Ofori-Atta leaves for China for debt restructuring negotiations
Finance Minister, Ken Ofori-Atta, has left Accra for China to have negotiations on debt restructuring with officials of that country.
Encourage China to support our debt restructuring efforts – Akufo-Addo to Germany
President Nana Akufo-Addo on Friday urged Germany to “encourage” China, an ad hoc member of the Paris Club, to support Ghana’s debt...
I’m not against debt restructuring but…- Mahama [Audio]
JoyNews/AdomNews · I’m Not Against Debt Restructuring - Mahama
Former President John Mahama has said...
My pesewa won’t go into debt restructuring as long as Ofori-Atta is Minister –...
Ghanaian economist, Kwame Pianim, has vowed never to contribute a dime to government’s controversial Domestic Debt Exchange programme.
According...
Ghana Euro bondholders form Committee to support debt restructuring
External holders of Ghana’s Eurobond have formed a creditors committee to support the country’s debt restructuring programme to help it secure a...
Minority kicks against debt restructuring programme
The Minority in Parliament has rejected government's proposed debt exchange programme which seeks to reduce high public debt.
The...
Ghana’s Debt Restructuring: What you need to know
Finance Minister, Ken Ofori-Atta, during the presentation of the 2024 budget statement described the Domestic Debt Exchange Programme as done and dusted....
External debt restructuring: Eurobond holders to face nominal ‘haircut’ of between 30-40%
Finance Minister, Ken Ofori-Atta, has stated that Eurobond holders may face a nominal haircut of between 30% and 40% as part of...
Ghana’s external debt restructuring: Is China still the missing piece?
Ghana is currently grappling with a dire economic situation, having defaulted on a large portion of its external debt payments nearly a...
External debt restructuring: We hope Official Creditor Committee and government will find an agreement...
The International Monetary Fund has reiterated its optimism that the Official Creditor Committee, and the Ghanaian government will find an agreement soon...
Speaker Bagbin summons Ofori-Atta over debt restructuring
Speaker of Parliament, Alban Sumana Kingsford Bagbin, has called for Finance Minister Ken Ofori-Atta to appear before Parliament.
Ghana seeks $2.5bn in external financing through debt restructuring
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has revealed that Ghana is set to undergo...
Kumasi: Three major construction works halted over debt restructuring
Construction works on three major projects in the Ashanti region have been halted due to a lack of funds.
Debt restructuring: Ken Ofori-Atta leads delegation to China today
Finance Minister, Ken Ofori-Atta is today (23rd, March, 2023) leading government’s delegation to engage a Chinese government team on Ghana’s debt restructuring...
Debt roundtable to focus on broad restructuring hurdles – IMF
The International Monetary Fund’s (IMF) strategy director on Tuesday said the goal of a new sovereign debt panel of creditors and borrowers...
Moody’s downgrades Ghana to further junk status, warns investors could lose in debt restructuring
Moody’s has downgraded the Government of Ghana’s long-term issuer ratings to Ca from Caa2 or further junk status and changed the outlook...
Moody’s downgrades Ghana to further junk status, warns investors could lose in debt restructuring
Moody’s has downgraded the Government of Ghana’s long-term issuer ratings to Ca from Caa2 or further junk status and changed the outlook...
High cost of borrowing to make it harder for govt’s to service debts –...
The Economist Intelligence Unit (EIU) is warning of a continuous high cost of borrowing, making it harder for governments including Ghana to...
Zambia reaches deal for debt relief on $4bn owed to bondholders
Zambia has reached a deal for relief on nearly $4 billion owed to private bondholders, raising hopes that a protracted debt restructuring...
Debt defaults taking long to resolve – Fitch
Rating agency, Fitch, says debt defaults in frontier markets including Ghana have taken longer to resolve than in the past.
Huge losses under debt exchange have significantly weakened banking sector’s capitalisation – Fitch
Rating agency, Fitch, has warned that the large losses imposed on bondholders under the Domestic Debt Exchange Programme (DDEP) have significantly weakened...
Govt targets pension funds in renewed debt exchange
The government will pursue the restructuring of pension funds in the next phase of the domestic debt exchange programme (DDEP).
Ghana faces imminent power crisis as IPPs threaten shutdown over $1.73bn debt
Ghana is on the verge of a severe power crisis in the coming days if immediate measures are not taken to address...
IMF predicts Ghana to attain moderate risk of debt distress by 2028
The International Monetary Fund (IMF) recently disclosed in its Staff Report on Ghana that the country is projected to reach a moderate...
IMF: Independent Power Producers reject govt’s bid to restructure $1.58bn debt
Independent power producers have rejected a government's proposal to restructure $1.58 billion in arrears owed them by the state, the head of...
Debt Exchange: Steps being taken to limit impact on financial sector – Akufo-Addo
President Nana Akufo-Addo has said that government is taking steps to mitigate the impact of the Domestic Debt Exchange Programme (DDEP) on...
Govt’s latest debt exchange programme technically sound – Senyo Hosi
Convenor of the Individual Bondholders Forum, Senyo Hosi, has described the policy document of the government’s second round of debt exchange programme...
Ghana’s Debt-to-GDP to reach 98.7% by end of 2023 – IMF
The International Monetary Fund (IMF) is projecting that Ghana’s Debt to GDP Ratio will increase further to 98.7% by the end of...
Help Ghana shoulder debt burden – IMF pleads
The International Monetary Fund (IMF) has doubled down on its plea to wealthier nations to support Ghana and other weaker economies to...
US to push for ‘speedy’ action on debt relief for Ghana
The United States Treasury Secretary Janet Yellen will push for immediate action on requests by Ghana and Zambia for restructuring their sovereign...
Nine banks could be insolvent from impact of domestic debt exchange – Report
If the International Financial Reporting Standard (IFRS) nine is applied in a stricter sense, nine Ghanaian banks could be insolvent from the...
Ken Ofori-Atta to present details of Debt Exchange Programme to Parliament
Finance Minister is expected to furnish Parliament with details of the ongoing debt restructuring.
This was after the Minority...
Ghana misses restructuring target in blow to ailing currency
Ghana’s cedi, the world’s second-worst performing currency this year, is heading for more pain after the the country missed a self-imposed deadline...
High-powered govt delegation to visit China for debt cancellation
A high-powered government delegation will visit China later this week to convince authorities there to accept Ghana’s proposal for debt cancellation with...
Mahama reacts to Sophia Akuffo’s debt exchange outburst
Former President John Dramani Mahama has blamed the prevailing economic challenges in the country on President Nana Akufo-Addo’s "arrogance" and the "incompetence"...
I’m a victim of debt exchange – Nana Yaa Jantuah
JoyNews/AdomNews · Nana Yaa Jantuah fights government on debt exchange
General Secretary of the Convention...