{"id":59686,"date":"2024-03-20T11:11:29","date_gmt":"2024-03-20T11:11:29","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana"},"modified":"2024-03-20T13:14:37","modified_gmt":"2024-03-20T13:14:37","slug":"dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana","title":{"rendered":"Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF Boss warns Ghana"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF MD warns Ghana The International Monetary Fund (IMF) has warned Ghana against allowing her arm to be twisted by Eurobond holders as it negotiate the restructuring of some $13 billion.<\/p>\n

At a meeting with President Akufo-Addo during an official visit to Ghana, IMF Managing Director Kristalina Georgieva warned that Ghana may suffer severe setbacks similar to the case in Zambia, which has difficulties unlocking the full bailout package.<\/p>\n

\u201cThe sooner we do a great deal, the better for the country,\u201d she noted. She warned: \u201cTo do a deal that may actually reverse progress is not going to be good for the country.\u201d<\/p>\n

\u201cYou cannot allow the Eurobond creditors to twist your arm,\u201d she emphasised.<\/p>\n

The reason, she explained, is \u201cbecause you have done a very painful domestic debt restructuring. You have agreed, in principle, restructuring. You have agreed, in principle, on debt restructuring with the official creditors of Ghana under certain conditions\u201d. \u201cThe deal with the Eurobond has to be a fair deal vis-a-visa what was already done. Otherwise, we risk seeing what happened in Zambia,\u201d she stated.<\/p>\n

She urged President Akufo-Addo to keep defending his country\u2019s interest, \u201cbecause we are climbing a mountain, and we are doing quite well. We are not yet at the top.<\/p>\n

We need to keep climbing, so there\u2019s radiation of responsibility we need to complete with private creditors but complete defending the interest of the country.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF MD warns Ghana The International Monetary Fund (IMF) has warned Ghana against allowing her arm to be twisted by Eurobond holders as it negotiate the restructuring of some $13 billion. At a meeting with President Akufo-Addo during […]<\/p>\n","protected":false},"author":84,"featured_media":59685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,248],"tags":[234,235,233],"class_list":["post-59686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nDon\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF Boss warns Ghana - Zambia<\/title>\n<meta name=\"description\" content=\"Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF MD warns Ghana The International Monetary ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF Boss warns Ghana\" \/>\n<meta property=\"og:description\" content=\"Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF MD warns Ghana The International Monetary ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-20T11:11:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-20T13:14:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/03\/sm_1710933104.567415.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"744\" \/>\n\t<meta property=\"og:image:height\" content=\"389\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF Boss warns Ghana\",\"datePublished\":\"2024-03-20T11:11:29+00:00\",\"dateModified\":\"2024-03-20T13:14:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana\"},\"wordCount\":278,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/03\/sm_1710933104.567415.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-let-eurobond-holders-twist-your-arm-or-you-will-become-like-zambia-imf-boss-warns-ghana\",\"name\":\"Don\u2019t let Eurobond holders twist your arm or you will become like Zambia \u2013 IMF Boss warns Ghana - 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