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Image for illustrative purpose. A worker at the Ashanti goldfields big mine in Obuasi, Ghana, prepares sheets of steel wool that contain gold in the final stage of processing before the gold is poured in this October 23, 2003 file photo. REUTERS/Luc Gnago/Files
A panel of investors on Friday determined that a credit event had occurred with respect to Ghana, triggering payments of default insurance known as credit default swaps.
"Based on public information, the (Europe, Middle East and Africa Derivatives Committee) determined that (Ghana) had failed to make payments within the applicable grace period," the committee said in a statement.
Ghana failed to pay interest due in January on its $1 billion international bond due 2026.
(Reporting by Rodrigo Campos, Editing by Rachel Savage)
