Ghana’s Proposed Debt Restructuring in 2023 … IMF Confirms Country’s Intention

The International Monetary Fund (IMF) has confirmed that government of Ghana has declared its intention to conduct a debt restructuring in 2023.

A notice posted on the fund’s website said the Ghanaian authorities “Have assessed their public debt as being unsustainable over the medium term. Together with efforts to bring the government deficit down, they have announced their intention to conduct a debt operation to ensure debt sustainability.”

“We welcome the authorities’ intentions to implement…