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Podcast: Good Morning Africa
Episode: Understanding the IMF’s bailout package for Ghana
Description: Some investors of Ghana's 2030 Eurobond have received coupon payments which had been due on April 14. The country announced it would default on some its external debt in December and has not made payments on its international bonds since. However, the bond maturing in 2030 with a coupon of 10.75% is partially guaranteed by the World Bank, so payment kicked in this week via the bank's International Development Association.  On today’s episode we are joined by Ondiro Onganga analyst with the K Financial to give an understanding of the International Monetary Fund’s bailout package for Ghana.Â