Ghana’s finance ministry has announced that the country's domestic debt exchange programme has been successfully closed as foreign lenders discuss forming an official creditor committee, which would be a first step for the country to start debt relief talks as it struggles to manage its post-Covid economic crisis.
After five extensions of a December deadline, Ghana closed its domestic debt exchange programme (DDEP) on 10 February with more than 80 percent participation of eligible bonds, the finance ministry said on Tuesday.