ReutersReuters

Ghana foreign creditors to announce steering committee next week - sources

Holders of Ghana's international bonds will announce next week the formation of a steering committee as the West African nation heads toward a foreign debt restructuring, two sources with knowledge of the matter told Reuters on Friday.

Ghana's marketable dollar-denominated debt totals some $13.7 billion across maturities ranging from 2023 to 2061, according to Refinitiv data.

Ghana has begun restructuring its debt by rolling out a plan to swap $10.5 billion in local bonds with new ones. It had not yet announced plans for a foreign debt restructuring.

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