See the debt scheme Ghana is implementing to fix its economic instability

Ghana is currently faced with a deteriorating economy and the country is in desperate need of creative solutions. In this quest, the government recently launched a domestic debt exchange program.

The Ghanaian administration is on a crusade to fix its recent economic problems.

Under the domestic debt exchange, local bonds will be exchanged for new ones maturing in 2027, 2029, 2032, and 2037 and their annual coupon will be set at 0% in 2023, 5% in 2024, and 10% from 2025 until maturity.

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