Ghana has successfully secured over 90 percent participation from Eurobond holders in the restructuring of the country’s external debt, achieving a participation rate of 98.58 percent after investors agreed to exchange their existing bonds for new ones.
The government aimed to restructure approximately 60 percent of the $13 billion owed to these Eurobond holders, and this nearly complete participation reflects strong support from bondholders for Ghana’s debt restructuring efforts.
This development is particularly timely as Ghana prepares for its third review of the program with the International Monetary Fund (IMF), which is necessary for the release of the third tranche amounting to $360 million.
The government is optimistic that this significant participation in the debt exchange will positively impact the review, bolster the current economic recovery, and facilitate Ghana’s access to the International Capital Market.
