GHANA: As talks drag on with bilateral creditors, Ghana has shifted its eurobond revamp timeline. On Friday, Finance Minister Ken Ofori-Atta said that Ghana now expects to reach an agreement on debt restructuring with its eurobond holders by the end of the year.
Ghana had set itself a deadline of the end of September to reach a deal with private creditors because it thought it could clinch a memorandum of understanding on specific terms of debt relief with official creditors. A deal with the official creditors is necessary to determine the terms of debt reorganisation Ghana would propose to the eurobond investors. (ETM)
