November 27, 2022

Ghana contemplating 30% ‘haircut’ on overseas bonds, deputy

business news

business news

Article content material

ACCRA — Ghana’s authorities is contemplating a 30% ‘haircut’ on overseas bonds, and the suspension of rate of interest funds to home bondholders in 2023 as a part of debt restructuring efforts, deputy finance minister John Kumah stated on personal radio station JoyFM on Thursday.

The complete particulars of the debt change program shall be introduced by the top of November, he stated, noting that there can be no haircut for home bonds.

Article content material

“The overseas will…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *