Tag: Debt restructuring

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Ghana non-payment triggers CDS, panel says

A panel of investors on Friday determined that a credit event had occurred with respect to Ghana, triggering payments of default insurance known as...

Ghana’s finance ministry: debt talks with China ‘cordial and fruitful’

Ghana's finance ministry said on Thursday that a Chinese delegation had ended a three-day visit to discuss Ghana's request for the restructuring of the...

Ghana misses restructuring target in blow to ailing currency

Ghana’s cedi, the world’s second-worst performing currency this year, is heading for more pain after the West African nation missed a self-imposed deadline to...

China, U.S. to participate in first meeting of new debt roundtable on 17 February

Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable...

Zambia rejects China’s call for World Bank to join its debt restructuring – FT

Zambia's finance minister rejected a call from China for the World Bank and other multilateral lenders to join a restructuring of the country's debt...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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