Ghana Launches Second Debt Exchange Offer of $1.1 Billion in Local Bonds
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Ghana is reopening a debt exchange for 12.9 billion cedis ($1.1 billion) in local bonds.
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This is identical to a previous debt exchange done in February 2023.
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The exchanges are part of IMF bailout requirements to restructure Ghana's domestic and external debt.
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In August, Ghana completed a separate debt swap for 95% of local debt held by pension funds.
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Ghana defaulted on most of its $30 billion in external debt in December 2021 due to economic turmoil.