Ghana achieves 98% participation in Eurobond debt restructuring

The Ministry of Finance announced the successful completion of Ghana’s Eurobond debt exchange, part of its economic recovery efforts.

Launched on September 5, 2024, the initiative saw 98.6% of bondholders participate, with 91% opting for the Disco menu and 7.6% for the Par menu.

Extraordinary resolutions were passed, enabling the restructuring process.

Eligible bondholders will receive $126 million in consent fees, and new bonds are expected to be issued by October 9, 2024. This exchange is a key step in Ghana’s debt restructuring under the IMF programme, aiming for debt sustainability and economic stability.

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