Ghana 25/04/24

• The IMF has announced that restructuring of Ghana's international bonds is only a matter of time. There are no insurmountable hurdles, but it depends on how much time and intensity the government will devote to it. The IMF chief is confident this will happen in the next few weeks. https://www.reuters.com/world/africa/ghana-deal-with-bondholders-a-matter-time-says-imf-official-2024-04-19/

• The finance minister of Ghana also expects a draft MOU with bilateral creditors in May. This would cement a deal to restructure $5.4bn of loans. https://www.reuters.com/world/africa/ghana-finance-minister-expects-mou-with-bilateral-lenders-may-2024-04-21/

• Fitch predicts the Ghanaian Cedi will 'bounce back'. This is because of the progress the government is making in restructuring its debt. They believe this will bolster investor confidence in Ghana's economy. https://dailyguidenetwork.com/fitch-solutions-predicts-ghanaian-cedi-to-bounce-back/