Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Ratings agency, Fitch, would move Ghana out of sovereign default by July 2025.
This follows its anticipation of the country completing the external debt restructuring by the end of June 2025.
It is optimistic Ghana will also complete the non-bond debt treatment by the end of this year.
The UK-based firm disclosed this in its latest webinar on debt restructuring in Ghana, Zambia and Ethiopia.
Ghana had an agreement with the Official Creditor Committee (OCC) on the parameters of official debt treatment in January 2024.
The Eurobond exchange also took place in October 2024. About US$14.2 billion of Eurobonds have been restructured so far. They include PDIs.
The haircut represented 6.2% of Gross Domestic Product. Interest payments has also reduced by 8% of Fitch’s projected revenue in 2024, 5% in 2025 and 4% in 2026
Source: newsthemegh.com