Ghana completes debt restructuring with official creditors, says Finance Minister

Finance Minister Mohammed Amin Adam said the government has successfully restructured its debt of US$5.1 billion with its creditors, in addition to concluding the restructuring of US$13.1 billion with Eurobond holders

Finance Minister  Mohammed Amin Adam says Ghana has completed its debt restructuring programme with official creditors.

Speaking at a town hall meeting in the UK on Sunday (23 June), Amin Adam said the government has successfully restructured its debt of 5.1 billion dollars with its creditors, in addition to concluding the restructuring of US$13.1 billion dollars with Eurobond holders.

“Last two weeks, we concluded negotiations with the official creditors, and we have agreed to restructure US$5.1 billion. I am telling you that the government is good in negotiations and of this amount, we are going to make savings of US$2 billion,” Adam said.

He added “As I speak to you, tomorrow [Monday] morning, there will be an announcement that we have also concluded our negotiations with the Eurobond Holders of US$13.1 billion, and ladies and gentlemen, when we announce it, please read the details. We have negotiated a good deal for Ghana and that is US$8 billion.”

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