Ghana reaches agreement in principle on $13 bln bond rework

The agreement will provide Ghana a path to economic recovery through significant debt relief and provision of cash flow, the committee representing international bondholders said in a statement, while welcoming the deal.

The deal comes a week after Ghana struck another agreement with its bilateral creditors, paving the way for the IMF’s executive board to sign off on a $360 million disbursement after the second review of Ghana’s $3 billion programme.