IMF cautions Ghana against early return to international capital markets

He said additional development spending could also be supported through stronger domestic revenue mobilisation, while the IMF’s broader objective remained to help Ghana eliminate economic imbalances and restore its ability to finance its needs from sustainable domestic and international sources.

The IMF Resident Representative in Ghana, Dr Adrian Alter, said the country’s immediate priority should be to consolidate the gains from its debt restructuring and strengthen its domestic financing capacity rather than rush back to external commercial borrowing.

He said the progress had created an opportunity for Ghana to gradually regain access to capital markets, but stressed that improved creditworthiness would be critical to keeping borrowing costs manageable.