Ghana to swap domestic debt in fight to regain economic stability

FILE PHOTO: A girl walks past a flag of Ghana outside the Cape Coast Castle, in Ghana, July 28, 2019. REUTERS/Siphiwe Sibeko

ACCRA (Reuters) - Ghana will launch a domestic debt exchange on Monday, its Finance Minister Ken Ofori-Atta said, expressing confidence that the move would help restore macroeconomic stability and end the West African country's worst economic crisis in a generation.

Ofori-Atta said in a video address on Sunday that Ghana's government had finished its debt sustainability analysis, but he did not provide any information on plans for foreign debt that are anxiously awaited by international creditors.