Ghana's President Nana Akufo-Addo on Sunday said talks with the International Monetary Fund were going well and sought to reassure investors that the negotiations would not lead to a reduction in the face value of government bonds.
"No individual or institutional investor ... will lose their money as a result of our ongoing IMF negotiations. There will be no haircuts," the president said in a televised address designed to convince Ghanaians and the markets that the authorities can contain the country's economic crisis.
