Ghana's public debt expected to fall to 60% of GDP from 82% in 2022
Ghana's macroeconomic situation is improving, with growth outperforming expectations and authorities making headway on debt, the IMF said on Thursday.
Ghana's public debt expected to fall to 60% of GDP from 82% in 2022
Ghana's public debt ratio to the GDP has reduced, indicating that the country's economy is improving. / Photo: AP
20 hours ago

Ghana's macroeconomic situation is improving, with growth outperforming expectations and authorities making headway on debt, the International Monetary Fund said on Thursday.

IMF spokesperson Julie Kozack told a regular briefing that the West African country's public debt was expected to fall to 60% of gross domestic product this year from 82% in 2022.

She said Ghana needs to continue reforms, including taking steps to boost domestic revenues, to entrench debt sustainability.

SOURCE:Reuters