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The Government of the Republic of Ghana and Representatives of Bondholders Reach an Agreement in Principle on the Terms of the Eurobonds Restructuring

The Government of the Republic of Ghana (the “Government”), advised by Lazard Frères and Hogan Lovells, acting respectively as financial and legal advisors, is pleased to announce that it has reached an Agreement in Principle (“AIP”) with the members of the Steering Committee (the “International Steering Committee”) of the Ad Hoc Creditor Committee of International Bondholders (the “International Committee”), advised by Rothschild & Cie and Orrick, Herrington .....

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World Bank Approves $250 Million Credit and $10 Million Grant to Support Ghana’s Energy Sector

The World Bank has approved a $250 million credit from the International Development Association (IDA) and an additional $10 million grant from the Energy Sector Management Assistance Programme, to support a 4-year Ghana Energy Sector Recovery Programme for Results (PforR) to improve the financial viability of electricity distribution and increase access to clean cooking solutions.

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