Ghana’s debt restructuring takes another step forward
GHANA'S long-running debt restructuring took another step towards the finish line after the government said it struck an agreement in principle on a debt rework with holders of some $13 billion of international bonds. Below is a condensed timeline of key events: * February 2022 - Credit ratings agency Moody's downgrades Ghana's credit rating from B3 to Caa1, saying the country had a "very high credit risk", after Fitch cut its Ghana credit rating to B- from B in January. * March 2022 - Ghana's central bank hikes interest rates by a record 250 basis points to 17% in a bid to…