Eurobond holders

Ghana’s Deal With Eurobond Holders Gets Official Creditor Committee’s Approval

Ghana’s Deal With Eurobond Holders Gets Official Creditor Committee’s Approval

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. The Ministry of Finance in a statement released on July 8, 2024 announced that “it has received a formal confirmation from its OCC that the Agreement in Principle reached with representatives of Eurobond holders is consistent with the Comparability of Treatment principle”. This is coming after the government earlier this month, announced that it has reached an “Agreement In Principle” with the Eurobond holders to restructure the $13.1 billion debt owed the bondholders. The move…
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IMF Board Approval For Ghana Programme Scheduled For January 2023 – Redd Intelligence

IMF Board Approval For Ghana Programme Scheduled For January 2023 – Redd Intelligence

The approval of a programme for Ghana by the Board of the International Monetary Fund is expected to come off at the earliest in January 2023, Singapore-based Redd Intelligence has stated. However, it says, in the worst case scenario, the IMF Board approval will happen latest in March 2023. In its latest analysis on Ghana’s debt restructuring, the market and research firm said “the SLA  [Staff-Level Agreement] is in good shape and the end-December target looks realistic. IMF board approval of the program is not expected until January [2023] at the earliest, after which the DSA [Debt Sustainability Analysis] parameters will become…
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