• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana secures delayed interest payments, maturity postponement following MoU with Official Creditors

1 year ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana secures delayed interest payments, maturity postponement following MoU with Official Creditors 

The government has successfully negotiated a debt restructuring agreement with its bilateral creditors, securing delayed payment on interest and a postponement of the maturity date.

However, the creditors have firmly rejected any reduction in the principal amount owed.

This agreement was formalized in a memorandum of understanding (MoU) between the government and the bilateral creditors, facilitated by the official creditor committee.

The MoU outlines the broad framework for the debt restructuring, though the process is not yet finalized. The government will need to engage with each individual creditor country to finalize the restructuring of the $5.4 billion debt.

The implications of this agreement on discussions with Eurobond holders remain uncertain as commercial creditors (Eurobond holders) are advocating for uniform treatment with bilateral creditors (the comparability of treatment principle). This may then affect the Government’s negotiations for a 30%-40% cut in the principal of bondholders.

Some analysts suggest that, despite the relief on interest payments, the government should establish an escrow account to set aside funds in preparation for future payments.

RelatedPosts

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

ChatGPT Captures 48.36% of All AI Tool Traffic

This approach would ensure that the government is ready to meet its obligations when the deferred payments come due.

Tags: bilateral creditorsBilateral Creditors reject cut in principal as Gov't secures delayed interest paymentsdelayed interest paymentsmaturity postponement in debt restructuring
No Result
View All Result

Highlights

Aid to Regional Partnerships: Japan’s New Strategic Approach to Economic Engagement with Africa

President Mahama in Singapore to Court Investment and Deepen Bilateral Ties

GRA Says Cedi Rebound Cuts Government Revenues by 30%

Here’s Why Uber’s CEO Believes China is Winning the EV Race

Appiah Adomako Writes: Ghana Needs a Surgical Approach to Minimum Investment Capital Requirement

Serie A: Jonathan David Shines on Serie A Debut as Juventus Overcomes Parma

Trending

Business

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

August 25, 2025

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship In today’s rapidly evolving economy, financial literacy...

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

August 25, 2025

ChatGPT Captures 48.36% of All AI Tool Traffic

August 25, 2025

Aid to Regional Partnerships: Japan’s New Strategic Approach to Economic Engagement with Africa

August 25, 2025

President Mahama in Singapore to Court Investment and Deepen Bilateral Ties

August 25, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.