By Felix ADDO, President of the Ghana Restructuring and Insolvency Advisors
This is a summarized article of that published in the national insolvency journal, Corporate Insolvency and Restructuring Journal.
“Restructuring” has become a household word in Ghana these days and for good reason. Most informed readers are aware of the current economic crisis facing the country and the engagement with the International Monetary Fund (IMF) for an Extended Credit Facility of about $ 3 billion.[2] A key conditionality of the IMF Facility is the restructuring of our debt burden to a “sustainable” level.
Perhaps, the least known and unheralded tool available to businesses in financial distress is the Corporate Insolvency and…
