IMF deal requires Ghana undergoes debt exchange programme - Ken Ofor-Atta

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Pulse-gh Dec. 5, 2022 12:36 p.m.

IMF deal requires Ghana undergoes debt exchange programme - Ken Ofor-Atta

As part of the deal, the government has embarked on a debt sustainability analysis which indicates that the country’s debt level which exceeded 100% of Gross Domestic Product is unsustainable, hence the need for such an action.

An IMF mission team is presently in the country to continue discussions with the authorities on the country’s post-COVID programme for economic growth and associated policies and reforms that could be supported by a new IMF lending arrangement.

He further noted that the government has no choice but to undertake the debt restructuring programme to put the debt level on a sustainable path..

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