Ghana is on track to exit the International Monetary Fund’s (IMF) US$3 billion Extended Credit Facility (ECF) programme ahead of schedule, following strong economic recovery and improved fiscal performance, according …
Debt Restructuring
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AfricaEconomyFinanceGhanaMonetary Policy
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Debt Management,EconomyFinanceGOVERNMENTInternationalINVESTMENTWestern Africa
Senegal’s Bonds Drop as Moody’s Downgrades Credit Rating Over Debt Concerns
Senegal’s international bonds fell sharply on Monday after Moody’s Investors Service downgraded the West African nation’s credit rating, warning that it was becoming less certain the country would be able …
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Debt Management,EconomyFinanceGovernment PolicyInternational Relations
Deloitte Cautions Ghana on Capital Market Return
Deloitte Ghana has advised the government to take its time before returning to the international capital market, even though the economy has been showing strong signs of recovery. The research …
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DevelopmentEconomyFinance & ServicesGhanaNewsPoliticsWestern Africa
Fitch Upgrades Ghana’s Credit Rating After Debt Restructuring Progress
Global credit rating agency Fitch Ratings has upgraded Ghana’s long-term foreign currency rating to “B-” from “restricted default” (RD), saying the West African country has made strong progress in resolving …
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Banking, Finance & InvestmentEconomyFinance & ServicesGhanaInternational RelationsPoliciesWestern Africa
Ghana and Afreximbank Clash Over $768 Million Debt Restructuring
Ghana is currently embroiled in a significant dispute with the African Export-Import Bank (Afreximbank) concerning the restructuring of a $768.4 million debt. This disagreement has emerged as a critical issue …