Private Creditors

While Ghana has completed three major debt restructuring operations comprising of domestic debt restructuring, external bilateral debt restructuring, and commercial bondholders debt restructuring, Ghana’s economy is unable to take any more uncertainty with regards to whether the terms of the MoU agreement and the $13 billion agreement in principle are official and agreed to.

The African Sovereign Debt Justice Network, (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens. Convened by Afronomicslaw.org with the support of Open Society for Southern Africa, (OSISA), the AfSDJN's activities are tailored around addressing the threats that sovereign debt poses for economic development, social cohesion and human rights in Africa. It advocates for debt cancellation, rescheduling and restructuring as well as increasing the accountability and responsibility of lenders and African governments about how sovereign debt is procured, spent and repaid.