2022122001

Credit Event

Republic of Ghana

Event Publicly Available Information:

Has a Potential Repudiation/Moratorium Credit Event occurred with respect to Republic of Ghana?

The Eligible Market Participant who submitted the question provided the following news articles in support of their question:

Ghana to default on most external debt as economic crisis worsens: https://www.reuters.com/world/africa/ghana-announces-external-debt-payment-suspension-slipping-into-default-2022-12-19/ 

Ghana halts payments on large swathes of foreign debt: https://www.ft.com/content/2cffb07c-828c-400d-a51a-2c52a00bb8e0

Ghana Ministry of Finance press release (19 December 2022, ’Suspension of Payments on Selected External Debts of the Government of Ghana’): https://mofep.gov.gh/press-release/2022-12-19/suspension-of-payments-on-selected-external-debts-of-the-government-of-ghana