On 2 December 2022, Ghana announced to its domestic creditors that it intends to default on its debt. The creditors, mostly bondholders, were ... given a deadline of 19 December to turn in their current bonds and, in their place, be issued with a new series of four bonds of considerably lower value.
The Akufo-Addo government is heaving a sigh of relief after reaching a staff-level agreement with the IMF for a $3bn credit facility and expects ... the news to bring back investors’ lost appetite for Ghana.
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Portugal’s defeat of Ghana’s Black Stars – courtesy of a contested penalty granted to Cristiano Ronaldo – in the World Cup on 24 November ... rankles with the country almost as much as its treatment in the financial markets. On both counts Ghana has expert opinions on its side.