Ghana Plans to Offer Delayed Bond Payments to Lure Pension Funds
- Pensions won’t face any haircut under the plan, unlike others
- Ghana is restructuring public debt to qualify for IMF loan
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Ghana is preparing a new offer to entice local pension funds into its debt restructuring program, weeks after exempting them from participating in the plan, according to people with knowledge of the matter.
Unlike other holders of cedi-denominated government debt, pension funds will receive their full interest under the plan, but it will come over a longer period of time, said the people who asked not to be identified because they aren’t authorized to speak publicly on the matter.