What Next After Ghana’s Debt “Exchange”?

In From Other Parts by Michael Rae

Word on the street is that Ghana’s drama-filled debt restructuring/exchange program (“DDE”) saw between 60% and 65% of all eligible extant marketable government securities (simply, “bonds”) tendered in by their holders in exchange for new bonds offering lower average interest and longer average repayment tenures. Investors accepted losses of between 19% and

Go to IMANI, Ghana for more detail!