Ghana Aims to Start Eurobond Exchange This Month After Debt Deal.

DEBT; DEBT relief; INVESTORS; DEBT service; DEBT exchanges

Ghana is planning to launch a eurobond exchange program this month after reaching an agreement with private creditors to restructure $13 billion of debt. The Finance Minister, Mohammed Amin Adam, stated that the launch is expected to take place in July and conclude by September. This debt restructuring is part of Ghana's efforts to qualify for a $3 billion extended credit facility program with the International Monetary Fund. The exchange is anticipated to contribute to Ghana's economic recovery, with the IMF forecasting a 3.1% growth rate for the country this year. [Extracted from the article]

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