Ghana and Afreximbank Clash Over $768 Million Debt Controversy
In recent months, Ghana has found itself mired in a complex and contentious dispute with the African Export-Import Bank (Afreximbank) over a sizable debt of $768.4 million. This situation comes on the heels of a challenging debt restructuring process that the country has been navigating. The backdrop is certainly tense.
The Ghanaian Finance Ministry is advocating for the treatment of the Afreximbank loan to mirror other debts it has successfully restructured. These include a mix of bilateral loans from China and…