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Ghana Has $7.3 Billion In Principal Payments By 2032: Eurobond Confirms

Ghana Eurobonds extend gains as Internal Monetary Fund expected to ease financing stress as Eurobonds rally after Ghana’s about-face on the IMF program. The country has $7.3 billion in principal payments by 2032 as revealed by renowned firm Moody’s.

Ghana’s dollar bonds gained for a second day amid investor optimism that the country’s decision to seek an International Monetary Fund program will ease refinancing stress.

The West African nation’s Eurobond maturing in 2027 rose 1% to 65.82 cents in the dollar by 2:52 p.m. in Accra, the capital, the highest in more than six weeks.

The bonds had been trading at distressed levels, with yields above 20%, before Ghana announced last week it will engage the IMF for balance-of-payments support.

The project from International Monetary Fund will soon be streamlined in the country and Ghana's negotiation table will be a major asset that will determine whether it will favor the Ghanaian masses or not.

Ghanaians must be ready to embrace the outcome of the flagship program that will be soon rolled out after Ghana's expected meeting with the representatives from the International Monetary Fund.

Do well to share, like, and follow me for more informative and insightful news in the country and beyond. Thanks.

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Eurobond Ghana IMF Internal Monetary Fund International Monetary Fund

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