Ghana’s debt sustainability challenges persisted for 12 years, breached DSA indicators over period – Opoku-Afari

Ghana’s debt sustainability challenges persisted and in several episodes intensified, particularly during periods without an International Monetary Fund (IMF) programme, a former First Deputy Governor of the Bank of Ghana, Dr.

Again, liquidity indicators also weakened, whilst debt service-to-exports exceeded the 15% threshold from 2015, while debt service-to-revenue breached the same benchmark as early as 2013 and rose to more than 40% of government revenues by 2022.

According to him, despite repeated recourse to the Fund for “policy credibility” and for liquidity or solvency support, debt sustainability remained fragile.