FAQs

The International Monetary Fund (IMF) has reiterated that Ghana’s public debt increased from 65%  to 80% of Gross Domestic Product during the period of the Covid-19 pandemic. This is contrary to the government’s figures that public debt to GDP was about 73%. In a Frequently Asked Questions (FAQs) session, the Fund said at the same time, the government’s fiscal efforts to preserve debt sustainability were not seen as sufficient by investors, leading to credit rating downgrades, non-resident investors exit from domestic bond market and loss of access to international capital markets. “These adverse developments, further exacerbated by the price and…