About this work
Ghana’s external debt restructuring is evaluated through recovery scenarios consistent with its targets and conservative macroeconomic assumptions. The January 2023 baseline combines an 8% principal reduction with substantial coupon cuts, producing a value of 38 cents per dollar at a 12% exit yield. A much stronger macroeconomic scenario raises recovery to 47 cents; these are conditional valuations, not a completed exchange outcome.
Abstract
Ghana’s external debt restructuring is evaluated through recovery scenarios consistent with its targets and conservative macroeconomic assumptions. The January 2023 baseline combines an 8% principal reduction with substantial coupon cuts, producing a value of 38 cents per dollar at a 12% exit yield. A much stronger macroeconomic scenario raises recovery to 47 cents; these are conditional valuations, not a completed exchange outcome.
Cite this work
Sergi Lanau, Jonathan Fortun (2023). Economic Views: Ghana Recovery Value Scenarios. Institute of International Finance.