\n
The government is nearing a deal with Eurobond holders regarding debt restructuring, following substantial progress made on the new terms for settling the $13 billion owed to creditors.<\/p>\n
This development comes after the International Monetary Fund (IMF) rejected the terms proposed, citing misalignment with its programme to achieve sustainable debt levels by 2028.<\/p>\n
Finance Minister Dr. Mohammed Amin Adam discussed these developments on the sidelines of the recently concluded Annual General Meeting of the Africa Development Bank in Nairobi, Kenya.<\/p>\n
\u201cWe are also close to ending our negotiations with the Eurobond holders. This year the figures we are seeing already show that we are likely to perform better than what was projected for the year,\u201d he said.<\/p>\n
\u201cAnd this is as the result of the increasing investment in agriculture and industrialization but we are also launching a new programme: a SME growth and opportunity programme that will mobilize resources to increase financing to SMEs,\u201d he added.<\/p>\n
The Gross International Reserves position continued to demonstrate strength throughout the first four months of 2024, as reported by the Bank of Ghana.<\/p>\n
In April 2024, the stock of Gross International Reserves surged to $6.59 billion, equivalent to 3.0 months of import cover. This marks a notable increase from the $5.91 billion (2.7 months of import cover) recorded at the close of December 2023.<\/p>\n
Moreover, the Gross International Reserves, excluding encumbered and petroleum assets, experienced a significant uptick to $4.32 billion, compared to $3.66 billion at the end of December 2023<\/p>\n\n
Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\nClick on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\nNo spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"The government is nearing a deal with Eurobond holders regarding debt restructuring, following substantial progress made on the new terms for settling the $13 billion owed to creditors. This development comes after the International Monetary Fund (IMF) rejected the terms proposed, citing misalignment with its programme to achieve sustainable debt levels by 2028. Finance Minister […]<\/p>\n","protected":false},"author":1,"featured_media":151695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-186701","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\n
Govt inches close to reaching deal with Eurobond holders - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt inches close to reaching deal with Eurobond holders - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The government is nearing a deal with Eurobond holders regarding debt restructuring, following substantial progress made on the new terms for settling the $13 billion owed to creditors. This development comes after the International Monetary Fund (IMF) rejected the terms proposed, citing misalignment with its programme to achieve sustainable debt levels by 2028. Finance Minister […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-04T15:41:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/02\/Mohammed-Amin-Adam.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"408\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Govt inches close to reaching deal with Eurobond holders\",\"datePublished\":\"2024-06-04T15:41:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/\"},\"wordCount\":289,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Mohammed-Amin-Adam.jpg\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/\",\"name\":\"Govt inches close to reaching deal with Eurobond holders - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Mohammed-Amin-Adam.jpg\",\"datePublished\":\"2024-06-04T15:41:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Mohammed-Amin-Adam.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Mohammed-Amin-Adam.jpg\",\"width\":700,\"height\":408},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/04\\\/govt-inches-close-to-reaching-deal-with-eurobond-holders\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Govt inches close to reaching deal with Eurobond holders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt inches close to reaching deal with Eurobond holders - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/","og_locale":"en_US","og_type":"article","og_title":"Govt inches close to reaching deal with Eurobond holders - Ghanamma.com","og_description":"The government is nearing a deal with Eurobond holders regarding debt restructuring, following substantial progress made on the new terms for settling the $13 billion owed to creditors. This development comes after the International Monetary Fund (IMF) rejected the terms proposed, citing misalignment with its programme to achieve sustainable debt levels by 2028. Finance Minister […]","og_url":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/","og_site_name":"Ghanamma.com","article_published_time":"2024-06-04T15:41:44+00:00","og_image":[{"width":700,"height":408,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/02\/Mohammed-Amin-Adam.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Govt inches close to reaching deal with Eurobond holders","datePublished":"2024-06-04T15:41:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/"},"wordCount":289,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/02\/Mohammed-Amin-Adam.jpg","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/","url":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/","name":"Govt inches close to reaching deal with Eurobond holders - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/02\/Mohammed-Amin-Adam.jpg","datePublished":"2024-06-04T15:41:44+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/02\/Mohammed-Amin-Adam.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/02\/Mohammed-Amin-Adam.jpg","width":700,"height":408},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/06\/04\/govt-inches-close-to-reaching-deal-with-eurobond-holders\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Govt inches close to reaching deal with Eurobond holders"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/186701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=186701"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/186701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/151695"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=186701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=186701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=186701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}