Ghana’s plan to restructure USD 13 bln of Eurobond debt is progressing, driven by economic growth that outperformed the IMF’s forecasts. Initially, the IMF rejected Ghana’s restructuring proposal for not meeting debt sustainability criteria. However, revised economic growth figures have prompted a reevaluation, potentially aligning the restructuring plan with IMF standards. This adjustment forms part of the country’s broader strategy to address its USD 42.2 bln total debt, following a suspension of external debt payments in late 2022.