Ghana to Start Debt Restructuring Negotiations With Bondholders
- Creditors and government authorities expect to meet this week
- Bondholders agreed to a non-disclosure agreement, people said
A group representing the private investors and government officials plan to hold meetings to kick off negotiations over the coming days.
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Ghanaian authorities and international bondholders expect to begin talks this week aimed at a deal to restructure roughly $13 billion of defaulted global debt, according to people familiar with the matter.
A group representing the private investors and government officials plan to hold meetings to kick off negotiations over the coming days, the people said, asking not to be identified as information isn’t public. Creditors entered into non-disclosure agreements with the government this week, signaling a first step in the process, the people said.