08
Jul
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…
