Official Creditor Committee Approves Ghana's Historic $13 Billion Debt Revamp

Monday, 8 July 2024, 11:20

The Official Creditor Committee, comprising Ghana's bilateral lenders, grants the go-ahead for the massive $13 billion debt restructuring deal, marking a significant milestone in the country's financial landscape. This approval sets the stage for the restructuring of Eurobonds, positioning Ghana for economic stability and growth. The move underscores Ghana's commitment to fiscal responsibility and proactive debt management, signaling positive developments for investors and the wider financial community.
Ghanaweb
Official Creditor Committee Approves Ghana's Historic $13 Billion Debt Revamp

Official Creditor Committee Approval

The Official Creditor Committee, consisting of Ghana's bilateral lenders, has given the nod for the country's $13 billion debt restructuring deal, facilitating the overhaul of Eurobonds.

Significant Financial Milestone

This decision paves the way for Ghana to revamp its debt structure, demonstrating a proactive approach to fiscal management and economic sustainability.

Positive Implications for Investors

The approval signals potential opportunities for investors and portrays Ghana as a favorable investment destination, fostering confidence in the financial markets.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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