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Ghana and its bondholders will restart talks next week to hash out a debt restructuring deal on $13 billion of international bonds, four sources told Reuters, on the heels of a deal finalised with official creditors earlier this week. Ghana, a gold and cocoa producer, defaulted on most of its $30 billion in external debt in 2022, weighed by the COVID-19 pandemic, the war in Ukraine and rapid global interest rate hikes that boosted borrowing costs. It had kicked off formal talks with two groups of bondholders in mid-March - a group of Western asset managers and hedge funds and another one including regional African banks.

Greater accraCity ofUnited kingdomNew yorkUnited statesMaxwell akalaare adombilaKarin stroheckerLibby georgeAngus macswanRodrigo camposInternational monetary fundGhana finance ministryFinance ministryReporting by libby george