Tag: Economy Finance IMF Governance Banks Bonds World Bank Eurobonds Foreign debt government debt Ghana Investors debt restructuring Investment

Published: January 25, 2023 11.45am SAST Author:Theophilus Acheampong Associate Lecturer, University of Aberdeen Ghana is facing multiple financial and economic challenges and has requested a US$3 billion bailout from the International Monetary Fund (IMF) to help it restore macroeconomic stability. This will include bringing public debt down to more manageable levels from the currently estimated 105% of GDP to 55% in present value terms by 2028. IMF assistance, which is yet to be approved by the fund’s executive board, is conditional on Ghana restructuring its public debt – domestic and external – which in turn requires the…