18-July-2024
Economy News
 
Ghana, Bondholders Reach Agreement in Principle to Restructure $13 Billion Debt, Sources Say
21-Jun-2024

Ghana has reached an agreement in principle with its bondholders for the restructuring of $13 billion worth of international debt, three sources told Reuters on Thursday, on the heels of a deal finalised with official creditors earlier this month. The deal will see bondholders take a haircut on principal of up to 37% and maturity of the bonds lengthened, two of the sources said.

News Source:- https://money.usnews.com/investing/news/articles/2024-06-20/ghana-bondholders-reach-agreement-in-principle-to-restructure-13-billion-debt-sources-say