Afreximbank and Ghana Settle Dispute Over $750 Million Loan
The standoff emerged after Ghana secured a bailout from the International Monetary Fund and took steps to restructure its debt following a 2022 default.
Photographer: Ernest Ankomah/BloombergThe African Export-Import Bank has settled a dispute with Ghana over a $750 million loan, though it didn’t disclose if it would take losses.
Issues surrounding the facility signed in 2022 were resolved “to the satisfaction of both parties,” the Cairo-based lender said in a statement posted on its website Thursday, without providing details on the terms reached.