27
Sep
The government may face complicated refinancing options in repaying Treasury bills that will mature on October 2022 According to the Weekly Fixed Income Update by Databank Research, a refinancing offer on October 3, 2022, may not get much traction due to the expected domestic debt restructuring. It, therefore, pointed out that the government will likely supplement any refinancing offer with the Bank of Ghana support to get more favourable refinancing options. “Last week, Fitch Ratings downgraded Ghana’s Issuer Default Rating from ‘CCC’ to ‘CC’. They cited possible debt restructuring, high debt service, and constrained financing as reasons for the recent…