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School of Law

Analysis: Ghana overhaul a test for $1 billion World Bank-backed debt

Professor Rodrigo Olivares-Caminal spoke to Reuters and CNBC Africa about the Ghana overhaul. 

Ghana flag

Ghana's debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Ghana has not yet said whether the 2030 issue will be part of its debt restructuring.

Rodrigo Olivares-Caminal, Professor of Banking and Finance Law at Queen Mary University of London, who advises investors on such issues, said the bond would probably be excluded due to "multilateral debt implications."

Read the full articles in Reuters and CNBC Africa.



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