Ghana Dollar Bonds Fell Following the Government’s Announcement to Halt Debt Payments.

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After the government declared, it will stop making payments on Eurobonds, foreign commercial loans, and some bilateral debt, Ghana’s sovereign dollar bonds fell more than 2 cents in value.

According to Tradeweb statistics, the 2027 maturity experienced the worst decline, dropping as much as 2. 3 cents to get bids at 34.739 cents in the dollar. The smallest losses were experienced by a 2030 Eurobond with a partial World Bank guarantee, which dropped 1. 556 cents to 66.9 cents.

Reuters

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