Ghana is preparing for intense negotiations with Eurobond holders to finalize a deal on restructuring its investments by September. That aligns with the first review of Ghana’s ECF program with the IMF. Ghana began debt restructuring in December to qualify for the IMF program, completing the first part of a domestic debt exchange in February, with investors trading 67% of existing bonds for new ones. Ghana’s USD securities have performed well this year, delivering investors a return of 7.8%. The country’s debt reorganization is crucial for further IMF disbursements following an initial release of USD 600 mln. Ghana also plans to implement energy sector reforms to reduce a projected deficit between 2023 and 2025.