President Nana Addo Dankwa Akufo-Addo celebrated Ghana's economic recovery following the successful restructuring of $13 billion in Eurobonds, allowing the country to re-enter international financial markets.
The agreement, approved by the IMF, saw over 90% of bondholders support the deal, reducing Ghana's debt stock by $4.7 billion and providing $4.4 billion in cash flow relief over two years.
Finance Minister Mohammed Amin Adam noted that this restructuring has positively impacted macro-financial conditions, contributing to lower inflation and improved GDP growth.
The government expressed gratitude to bondholders, advisors, and partners for their support throughout the process.
Read full article