external debt

17 Nov

External Debt Exchange: Ghana likely To Make Positive Development With Bilateral Creditors Before End Of 2023

wontumionlineBusinessdebt restructuring, external debt, Fitch solutions, Ghana

Fitch Solutions has hinted that Ghana is likely to make progress with its bilateral debt creditors quickly with a positive development before the end of the year. According to the UK-based firm, the worst situation is now behind the country as it has made progress with fiscal consolidation and other macroeconomic indicators. In its latest Sub-Saharan Africa Macroeconomic Update, it said the country will also reach an agreement with its external bondholders by the middle of next year. Senior Analyst for Sub-Saharan Africa at Fitch Solutions, Mike Kruiniger, said Ghana is not a big creditor like Zambia, hence will not…

07 Oct

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

wontumionlineBusinessBoG, debt, debt to GDP, Domestic debt, external debt, summary of Economic and financial data

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…