Ghana’s finance ministry said on Monday that it was taking steps to make sure that coupon and principal payments on old bonds start again on March 13. This plan is for when the country’s debt-swapping program ends.
In the press release, it is also said that the newly issued bonds have been sold and listed. In addition, they will be used as the new standard for the bond market.
To get $3 billion in aid from the International Monetary Fund, Ghana must restructure its debt.
On February 14, it finished the long-delayed national debt swap program. About 85% of eligible bondholders signed up for the program.
Two days later, Ken Ofori-Atta, the Secretary of the Treasury, said that in the coming weeks, there would be a lot of talks with bondholders from outside the country.
