Govt inches close to reaching deal with Eurobond holders

Ghana's government is close to reaching a debt restructuring agreement with Eurobond holders, following progress on new terms for the $13 billion debt.

This comes after the IMF rejected the initial proposal.

Finance Minister Dr. Mohammed Amin Adam reported that the country's economic performance is exceeding projections, driven by investments in agriculture and industrialization.

Additionally, the Bank of Ghana announced that the country's Gross International Reserves have increased to $6.59 billion, covering 3 months of imports, and reserves excluding encumbered and petroleum assets have risen to $4.32 billion.