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 ratio to the GDP has reduced, indicating that the country's economy is improving. / Photo: AP
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.