Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit.
The country has been struggling to refinance its debt since the start of the year after downgrades by multiple credit ratings agencies on concerns it would not be able to issue new Eurobonds.
marched through the capital Accra, calling for the resignation of the president and denouncing deals with the IMF as fuel and food costs spiralled. Any good faith negotiations, the creditor committee said, would need to avoid unilateral actions and require the timely exchange of detailed economic and financial information between international bondholders, the government and the IMF.
"It is more straight forward than the likes of Sri Lanka and Zambia, in the respect that there is not a lot of China debt," Exum said on Friday in comments anticipating the external restructuring. "It is in line with Ghana getting into talks about restructuring with various debt holders, so not coming out of the blue," Rob Drijkoningen, co-head of emerging market debt at Neuberger Berman, which holds some Ghanaian Eurobonds.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Clouds Increase Monday; Rain Monday Night, Tuesday - Alabama NewsTemperatures remain cool with highs in the low 50s. Showers arrive west to east late Monday afternoon or during the evening. A cool rain continues Monday night through Tuesday morning.
Weiterlesen »
Jan. 6 committee's Monday decision on Trump key to public legacy and Justice investigationThe House Jan. 6 committee, after 18 months of investigating, is set to take its most defining actions in votes on criminal referrals Monday.
Weiterlesen »
EU considers lower gas price cap in hunt for Monday dealEuropean Union countries are considering a proposal to cap gas prices at lower levels than suggested to date, before the bloc's energy ministers meet on Monday to attempt to approve the measure, according to a document seen by Reuters.
Weiterlesen »
What to watch for during Jan. 6 panel final presentation MondayThe committee has called what happened on Jan. 6 an “attempted coup' that warrants criminal prosecution from the Justice Department.
Weiterlesen »
Spare the Air alert issued for Monday throughout Bay AreaAir quality in the northern and southern parts of the Bay are expected to reach unhealthy levels
Weiterlesen »
Wood smoke pollution concerns prompt Spare the Air Alert for MondayBurning wood or any other solid fuel in the Bay Area is prohibited on Monday, both indoors and outdoors, the Bay Area Air Quality Management District announced Sunday.
Weiterlesen »