Ghana’s investors have signed off on its proposal to restructure $13 billion worth of international bonds, the government said on Thursday, paving the way for the country to emerge from a painful 2022 debt default.

Ghana received the approval for more than 90% of bondholders to restructure and exchange $13 billion of international debt, it said on Thursday, clearing the last hurdle in its protracted debt rework.

Ghana received “overwhelming” participation and support from its international bondholders to restructure $13 billion of its overseas bonds, a key step of the West African nation’s debt rework.