Ghana nears finish line in external debt restructuring – GSDR

Ghana's external debt restructuring is nearing completion, with 16 out of 25 bilateral agreements with official creditors finalized, according to the Global Sovereign Debt Roundtable (GSDR). The report, released during the Annual IMF–World Bank Meetings in Bangkok, Thailand, revealed that negotiations are ongoing with the remaining non-bonded commercial creditors, who now represent less than 5% of the debt covered by the restructuring exercise.

These bilateral agreements are part of Ghana's Official Creditor Committee (OCC) and bring the country closer to implementing its debt treatment arrangements. The GSDR, launched in February 2023, aims to enhance understanding of debt sustainability and sovereign debt restructuring challenges, as well as identify ways to overcome obstacles delaying the restructuring processes.