liquidity

Ghana’s external debt restructuring may now be hard to avoid, despite the current government being reluctant to touch sovereign Eurobonds in any such potential exercise, according to several market participants polled by Singapore based financial research firm, REDD Intelligence. “Ghana is a country that is promising a lot but is always under-delivering; the government hasn’t been able to turn the economy around”, it said in its latest report on Ghana. Mark Bohlund, Senior Analyst at REDD Intelligence, first pointed to a likely need for Ghana’s sovereign debt restructuring back in October 2021, but general market chatter about its inevitability has intensified only over…