A 20-year review of Ghana’s public debt; trends, drivers, and implications

News published on Sep 21, 2022 @ 11:26 am

Ghana’s debt to GDP ratio of 78 per cent as of March 2022 indicates a breach of this threshold. It is considered that interest payments above 26 per cent of government revenue for emerging economies will pose a significant challenge for the government and hurt the fiscal balance, raising the need for additional borrowing (Debrun and Kinda, 2016).

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