Ghana plans to ‘securitise’ debt to central bank

Country struggling to restructure debts and secure IMF loan

Bank of Ghana
The Bank of Ghana

The Ghanaian government intends to “securitise” its debts to the central bank, as part of efforts to restructure the country’s heavy public debts, following a default on much of the external debt in December.

Ghanaian authorities want to convert an estimated 40 billion cedis ($3.3 billion) of loans owed to the Bank of Ghana into bonds, Bloomberg reported on February 3.

The country is also seeking a $3 billion funding package from the International Monetary Fund.

As of November 2022, the

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