debt to GDP

IMF Bailout To Depend On Government’s Ability To Achieve 55% Of Debt To GDP – Fitch
22 Mar

IMF Bailout To Depend On Government’s Ability To Achieve 55% Of Debt To GDP – Fitch

wontumionlineBusiness, , ,
The International Monetary Fund support for Ghana will likely depend on the government’s ability to show a path towards bringing the present value of debt to 55% of Gross Domestic Product, international ratings agency, Fitch Ratings, has disclosed that. This will be over the forecast horizon on the basis of the IMF/World Bank debt sustainability analysis and the ability of official bilateral creditors to provide financing assurances in the context of the Common Framework external debt restructuring that the Ghana government has requested. In its comment after upgrading Ghana’s Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to ‘CCC’ from…
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Ghana’s Debt-To-GDP To Decline To About 58% By 2026 Based On 30% Haircut On External Debt – S&P
27 Feb

Ghana’s Debt-To-GDP To Decline To About 58% By 2026 Based On 30% Haircut On External Debt – S&P

wontumionlineBusiness, , ,
Ghana’s debt to Gross Domestic Product (GDP) ratio (excluding guaranteed debt) would decline to about 58% of GDP by 2026, rating agency, S&P Global has predicted. This is from about 80% of GDP at year-end 2022, based on an exchange rate of ¢10.15 to $1 versus current spot exchange rates of about ¢12.86. However, this is based under a scenario of a 30% haircut on external debt and assuming that the dollar value of Ghanaian GDP over the next three years remains close to last year’s figure of $67 billion — calculated at average exchange rates. This, it said, assumes…
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Ghana’s Debt Stock Up ¢9bn To ¢402.4bn In July 2022 – BoG
07 Oct

Ghana’s Debt Stock Up ¢9bn To ¢402.4bn In July 2022 – BoG

wontumionlineBusiness, , , , ,
Ghana’s public debt stock went up by ¢9 billion in July 2022 to ¢402.4 billion, the October 2022 Bank of Ghana Summary of Economic and Financial Data has revealed. This is equivalent to 68% of Gross Domestic Product, and is in sharp contrast to the projected 104.6% of debt to GDP ratio in 2022 by the World Bank. In dollar terms, the country’s debt dropped marginally to $53.2 billion in July 2022, from $54.4 billion in June 2022. Based on the data, the nation did not borrow fresh funds from the international market during the period. However, the debt level…
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