27
Feb
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…