REDD Intelligence Archives

20 Dec

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

wontumionlineBusinessdebt restructuring, Eurobond holders, imf, 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…

Government To Start Talks With Investors As International Investors Lose Huge Investments

wontumionlineBusinesseuro bond, REDD Intelligence

Government is aiming to begin talks with international investors ahead of a possible debt restructuring programme. The debt restructuring is expected to pave way for a programme from the International Monetary Fund. Singapore-based Redd Intelligence said at least four different advisory firms are working with the Ghanaian government on economic policy and debt management in the context of the sovereign’s talks with the IMF. It said though no mandates have yet been formalised, the firms are investment bank Lazard; law firm Hogan Lovells; sovereign advisory firm Global Sovereign Advisory and investment banking and advisory firm Lion’s Head Global Partners. Bloomberg…

Ghana Cannot Avoid Debt Restructuring; Liquidity Challenges Persist – REDD Intelligence

wontumionlineBusinessliquidity, REDD Intelligence

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…