President Akufo-Addo has described Ghana’s recent deal with Eurobond debt holders as a sign of investor confidence in the economy.
He made the statement after government secured almost 100 percent participation from investors in the Eurobond Debt Exchange Programme, which ended on September 30, 2024.
The exercise was undertaken by Ghana as part of requirements from the International Monetary Fund for Ghana to renegotiate its rising debt stock for a 3-year 3 billion dollar bailout.
Speaking in an interview with France 24 TV Network, President Akufo-Addo noted that the agreement demonstrates economic recovery from the COVID-19 shocks.
He strongly argued that the participation level of the investors show their confidence in Ghana’s economy despite recent challenges.
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