Ghana Restructures Over 90 Percent Of External Debt, Says Finance Minister
Emmanuel EjioforOctober 5, 20241 Mins read350 
Ghana has successfully restructured more than 90 per cent of its external debt since the debt restructuring process began in December 2022, according to Finance Minister Mohammed Adam.
During a press briefing on the state of the economy on Thursday, Adam announced that the country had completed its Eurobond debt exchange and consent solicitation process by the end of September, with 98 per cent of bondholders participating. This exceeded the required 65 per cent threshold.
This development cures Ghana’s default on international bonds, paving the way for normalised financial relationships with rating agencies and international markets, Adam said.
He added that the debt restructuring marks “a significant milestone in its economic recovery.”
Read: Explosion Rocks APC Secretariat in Rivers, RSIEC Insists LG Election Will Hold
Paul Pogba’s Four-Year Doping Ban Reduced to 18 Months by CAS, Set to Return in March 2025
Husband Stabs Newly-Wed Wife to Death, Sets Room Ablaze in Lagos
About The Author
Related Articles
Five Facts About Pope Leo XIV, The First From The U.S
An American-born cardinal has been elected pope for the first time in...
Ghana’s Inflation Slows to 21.2% in April, Fourth Monthly Decline
Ghana’s annual consumer inflation rate eased to 21.2 per cent in April...
Mali’s Government Suspends All Political Parties Indefinitely Over Public Order Concerns
Mali’s government has suspended the activities of all political parties and organisations...
President Macron’s 2017 Speech Mocking Former Burkina Faso President Kabore Negates AFP’s Claims on Traore’s Growing Support
A short clip from a University of Ouagadougou event on November 28,...
Leave a comment