Ghana s Bondholders to Re-Engage Government Next Week on Debt Rework usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Ghana and its bondholders will restart talks next week to hash out a debt restructuring deal on $13 billion of international bonds, four sources told Reuters, on the heels of a deal finalised with official creditors earlier this week. Ghana, a gold and cocoa producer, defaulted on most of its $30 billion in external debt in 2022, weighed by the COVID-19 pandemic, the war in Ukraine and rapid global interest rate hikes that boosted borrowing costs. It had kicked off formal talks with two groups of bondholders in mid-March - a group of Western asset managers and hedge funds and another one including regional African banks.
Copper producer Zambia is on
the cusp of moving on from its debt default after a nearly
four-year-long process. Along with Sri Lanka and Ghana, the
southern African nation fell into debt distress, and. -May 01, 2024 at 07:34 am EDT
- MarketScreener
Shocks in G20 Emerging Economies Hit Rich-World Growth, IMF Says usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Domestic shocks in emerging economies in the G20 are increasingly impacting growth in the rich world, according to a report published on Tuesday by the International Monetary Fund. . -April 09, 2024 at 10:05 am EDT
- MarketScreener