Ghana to expedite discussions on debt restructuring – minister

Ghana’s Finance Minister, Mohammed Amin Adam, expressed the government’s desire to expedite discussions on debt restructuring on Tuesday, as per a Reuters report.

The West African country is presently engaged in negotiations with foreign investors regarding the restructuring of approximately $13 billion worth of bonds.

Ghana encountered significant challenges with its external debt, amounting to $30 billion, leading to default on most of it in December 2022, triggered by escalating debt expenses and inflation.