Public Debt

Associate Professor of Finance at Andrews University, Michigan, USA, Williams Peprah, has urged the government to lobby the Official Creditor Committee to secure a better deal in order to help reduce the country’s external debt significantly. According to him, Ghana’s debt problem is due to the high foreign denominated debt, which is impacted by exchange rate losses. The country’s public debt went up by ¢6.3 billion between April 2023 and June 2023 to ¢575.5 billion. Professor Peprah told Joy Business, government must ensure the foreign creditors agree to significant haircut in order achieve the target for the debt restructuring. “Ghana’s…