The government anticipates needing between $600 million and $800 million to pay off its external debt in 2024

By Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Government of Ghana is projected to need between $600 million and $800 million for external debt service in 2024.

Of this amount, approximately $477 million will be allocated for Eurobond debt service.

According to IC Africa Research, the cash flow on restructured Eurobonds indicates the resumption of debt service from July 2024.

IC Africa Research highlighted that multilateral debt service, which was not included in the debt restructuring, contributes to the total estimated requirement of $600 million to $800 million for 2024.

Source: newsthemegh.com