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Ghana Announces Debt Deal

File image of Ghanaian Finance Minister Ken Ofori-Atta. SAUL LOEB / AFP

Ghana announced a deal with its official creditors that would push back loan repayments until 2026. The government also says it will strike a deal with Eurobond investors for a new deal on $13 billion of private sector debt.

Speaking at the World Economic Forum in Davos, Finance Minister Ken Ofori-Atta said the deal would allow Ghana to pause on debt servicing until the end of its deal with the International Monetary Fund in 2026.

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