{"id":10718,"date":"2024-02-16T09:02:04","date_gmt":"2024-02-16T09:02:04","guid":{"rendered":"https:\/\/gbc1.net\/?p=10718"},"modified":"2024-04-01T09:20:55","modified_gmt":"2024-04-01T09:20:55","slug":"ghana-seeking-relief-from-eurobond-creditors","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/","title":{"rendered":"Ghana Seeking Relief from EuroBond Creditors"},"content":{"rendered":"\n

Ghana defaulted on its #EuroBond<\/a> payments in December 2022 as inflation soared due to the double crisis of the COVID and Ukraine. Previously, the Government of Ghana has issued #EuroBond<\/a> to the tune of USD 13 billion to finance its economy.<\/p>\n\n\n\n

In the wake of the debt crisis, the Ghana Finance Minister Ken Ofori-Atta was replaced by Amin Adam on 14 February 2024. Ghana’s #EuroBond<\/a> price issued by Ghana slipped upon this announcement, since creditors were worried about the potential impact over the restructuring process.<\/p>\n\n\n

\n
\"Ghana
Ghana New Finance Minister Dr Amin Adam<\/figcaption><\/figure><\/div>\n\n\n

The good news is that the Ghanaian economy is showing signs of recovering since it secured a USD 3 billion loan from the IMF in 2023.It also secured a deal on a USD 5.4 billion debt tranche held by China and France.<\/p>\n\n\n\n

Financial analysts expet the Government of Ghana will exchange old bond for new notes. However, creditors have expressed that interest payments be linked to GDP growth rate in order to benefit from the rebound of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ghana defaulted on its #EuroBond payments in December 2022 as inflation soared due to the double crisis of the COVID<\/p>\n","protected":false},"author":1,"featured_media":10719,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[13],"tags":[501],"yoast_head":"\nGhana Seeking Relief from EuroBond Creditors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana Seeking Relief from EuroBond Creditors\" \/>\n<meta property=\"og:description\" content=\"Ghana defaulted on its #EuroBond payments in December 2022 as inflation soared due to the double crisis of the COVID\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/\" \/>\n<meta property=\"og:site_name\" content=\"Global Business Council (GBC)\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-16T09:02:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-01T09:20:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gbc1.net\/wp-content\/uploads\/2024\/04\/Ghana-Debt01w-jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gbc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gbc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/\"},\"author\":{\"name\":\"gbc\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\"},\"headline\":\"Ghana Seeking Relief from EuroBond Creditors\",\"datePublished\":\"2024-02-16T09:02:04+00:00\",\"dateModified\":\"2024-04-01T09:20:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/\"},\"wordCount\":171,\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"keywords\":[\"EuroBond\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/\",\"url\":\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/\",\"name\":\"Ghana Seeking Relief from EuroBond Creditors\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/#website\"},\"datePublished\":\"2024-02-16T09:02:04+00:00\",\"dateModified\":\"2024-04-01T09:20:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2024\/02\/16\/ghana-seeking-relief-from-eurobond-creditors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gbc1.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ghana Seeking Relief from EuroBond Creditors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gbc1.net\/#website\",\"url\":\"https:\/\/gbc1.net\/\",\"name\":\"Global Business Council (GBC)\",\"description\":\"Connecting ... 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