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Ghana

July 8, 2024
Ghana Announces Agreement in Principle with Bondholder Representatives is Consistent with the Comparability of Treatment Principle.

June 24, 2024
Ghana and Representatives of Bondholders Reach an Agreement in Principle on the Terms of the Eurobonds Restructuring.

April 15, 2024
Ghana and Bondholder Representatives Held Constructive Private Discussions Between March 16 and April 12, 2024.

October 9, 2023
Ghana Press Release Related to Presentation to Stakeholders.

December 22, 2022
Revised Market Practice for Ghana 2030 Bonds.

December 19, 2022
Market Practice Recommended for Trades of Ghana Bonds.

Ghana Announces Suspension of Payments.

September 23, 2022
Fitch Ratings Downgrades Ghana’s Long-Term Foreign-Currency Issuer Default Rating from CCC to CC.

April 11, 2022
EMTA Webinar: Economic and Political Outlook for Ghana. Register Here

April 1, 2020
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 92 on Updated Template Terms for GHS/USD, KES/USDand ZMW/USD Non-Deliverable FX Forward and Currency Option Transactions dated April 1, 2020.

March 19, 2015
Moody's Downgrades Ghana's Sovereign Rating from B2 to B3. 

July 21, 2014
EMTA publishes New and Updated FX Documentation for Trading the Ghanaian Cedi, Kenyan Shilling and Zambian Kwacha.  Please Click Here to see Market Practice No. 74, Click Here to see the GHS, KES and ZMW NDF and NDO Template Terms and Click Here to see the GHS, KES and ZMW Rate Source Definitions.

June 27, 2014
Moody's Downgrades Ghana's Sovereign Rating from B1 to B2.

February 4, 2014
Bank of Ghana Notice to Banks and the General Public on Repatriation of Export Proceeds and Bank of Ghana Revised Rules on the Operations of Foreign Exchange Accounts and Foreign Currency Accounts

October 17, 2013
Fitch Downgrades Ghana’s Long-Term Foreign Currency Issuer Default Rating from B+ to B.

June 11, 2012
EMTA Launches the Africa Focus Portal, providing convenient access to Africa-related resources on www.emta.org.

May 2, 2012
EMTA Publishes Standard Terms for GHS/USD Non-Deliverable FX Transactions.  CLICK HERE for Recommended FX and Currency Derivatives Market Practice No. 65.

May 16, 2011
EMTA, ISDA and the FXC Publish the African Currency Amendment to Annex A to the 1998 Definitions.
 

August 27, 2010

Standard & Poor’s Downgrades Ghana’s Long-Term Sovereign Credit Rating from B+ to B.