Ghana Debt Restructuring

IMF approves a third review of Ghana’s $3 billion programme, unlocking $360 million as the country continues its economic recovery.

Key Points Retirees face financial strain from government debt restructuring. Businesses are cutting jobs due to liquidity challenges. Ghana’s economic crisis becomes key election issue. Emmanuel Amey-Wemegah, a pensioner who …

Ghana and IMF reach an agreement on the third review of the $3 billion loan program, advancing the nation’s debt-restructuring efforts and opening access to $360 million in funding.  

The IMF remains confident that Ghana will reach an agreement with its bilateral creditors, allowing for immediate access to loan funds. 

Ghana’s negotiations to restructure $13 billion in international bonds falter as IMF deems proposed terms inadequate for long-term debt sustainability.

Ghana is rapidly moving to restructure its external debt, aiming to bounce back from its economic downturn with President Akufo-Addo leading the charge for financial stability.

In a significant economic boost, the IMF is poised to approve a $600 million loan for Ghana, following successful debt restructuring efforts