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Ghana

Government pushes better economy story to swing election back to Bawumia

Private bondholders accept paper losses of some 40% on $13 billion of Eurobonds as Accra officials finalise debt accord

Until this month Vice-President Mahamudu Bawumia had the unenviable job of running for the presidency as leader of the government’s economic management team which has presided over the highest price hikes and interest rates for over two decades and Ghana’s first default on its foreign debt since the 1980s.

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