HomeEconomyGhana’s $13bn debt restructuring deal boosts economic recovery hopes
Economy

Ghana’s $13bn debt restructuring deal boosts economic recovery hopes

Investmenttimesno commentDebt restructuringEconomy recoveryGhana
173views

Ghana’s landmark agreement with bondholders to restructure $13 billion of debt is expected to bolster the country’s reserves and bring stability to its economy, according to Dr. Theo Acheampong, economist.

The deal, announced on Monday, offers significant debt relief and cash flow provision, paving the way for economic recovery.

While Dr. Acheampong expressed optimism, he also cautioned that measures are needed to ensure sustainability.

The agreement follows a similar deal with bilateral creditors and paves the way for a $360 million disbursement from the IMF.

Ghana’s international bonds rose on the news, recovering earlier losses.

By Eugene Davis

Tags :Debt restructuringEconomy recoveryGhana
add a comment

Leave a Response

You Might Also Like


Notice: Function WP_Scripts::localize was called incorrectly. The $l10n parameter must be an array. To pass arbitrary data to scripts, use the wp_add_inline_script() function instead. Please see Debugging in WordPress for more information. (This message was added in version 5.7.0.) in /home/megasa5/investmenttimes/wp-includes/functions.php on line 6031

Notice: Function WP_Scripts::localize was called incorrectly. The $l10n parameter must be an array. To pass arbitrary data to scripts, use the wp_add_inline_script() function instead. Please see Debugging in WordPress for more information. (This message was added in version 5.7.0.) in /home/megasa5/investmenttimes/wp-includes/functions.php on line 6031

Notice: Function WP_Scripts::localize was called incorrectly. The $l10n parameter must be an array. To pass arbitrary data to scripts, use the wp_add_inline_script() function instead. Please see Debugging in WordPress for more information. (This message was added in version 5.7.0.) in /home/megasa5/investmenttimes/wp-includes/functions.php on line 6031

Notice: Function WP_Scripts::localize was called incorrectly. The $l10n parameter must be an array. To pass arbitrary data to scripts, use the wp_add_inline_script() function instead. Please see Debugging in WordPress for more information. (This message was added in version 5.7.0.) in /home/megasa5/investmenttimes/wp-includes/functions.php on line 6031