The Ghanaian government intends to “securitise” its debts to the central bank, as part of efforts to restructure the country’s heavy public debts, following a default on much of the external debt in December.

Ghanaian authorities want to convert an estimated 40 billion cedis ($3.3 billion) of loans owed to the Bank of Ghana into bonds, Bloomberg reported on February 3.

The country is also seeking a $3 billion funding package from the International Monetary Fund.

As of November 2022, the