Davos 2024
Ghana Wins Debt Moratorium Until 2026 From Official Creditors
- Finance minister voices optimism on a separate Eurobond pact
- IMF set to disburse $600 million to Ghana on bilateral accord
This article is for subscribers only.
Ghana has won a moratorium with official creditors on debt payments through May 2026, and expects to reach a deal with eurobond investors to revamp $13 billion debt by the end of March.
Finance Minister Ken Ofori-Atta said the payments owed on $5.4 billion of bilateral obligations would be repaid in two tranches in 16 and 17 years’ time, under the terms of the deal struck in principle last week. It was the first time he has publicly shared these details of the pact.