Ghana announced the suspension of payments on most of its external debt, effectively defaulting on its debt obligations as it faces its worst economic crisis in decades.
The country suspended payments on its Eurobond, commercial term loans, and most of its bilateral debt, a week after a $3 billion agreement with the International Monetary Fund.
The IMF had demanded a comprehensive debt restructuring as a condition for support.
Ghana's finance ministry called the decision an interim emergency measure.
It said the government stands ready to engage in discussions with all of its external creditors to make Ghana's debt sustainable.