Published 1 year ago

Ghana to default on most external debt as economic crisis worsens

Summary by Ground News

Ghana has suspended payments on its Eurobond, commercial term loans, and on most of its bilateral debt. The move comes a week after a $3 billion agreement with the International Monetary Fund (IMF) Ghana has been struggling to service its debt since the start of the year after downgrades by multiple credit ratings agencies.

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Reuters

Ghana to default on most external debt as economic crisis worsens

(This Dec. 19 story has been corrected to fix debt figures in first chart)

1 year ago·United Kingdom

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Al Jazeera

Ghana suspends payment of most external debts

Finance ministry says Accra will not service debts including its Eurobonds, commercial loans and most bilateral loans.

1 year ago·Qatar

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allAfrica

Ghana Suspends Payment On Eurobond, Other Foreign Debt As Economic Crisis Worsens

The country suspended payments on its Eurobond, commercial term loans, and on most of its bilateral debt, a week after a $3 billion agreement with the International Monetary Fund (IMF).

1 year ago·South Africa

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The Korea Times

Ghana to default on most external debt as economic crisis worsens

Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit.

1 year ago·Korea, Republic of

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