Pensioners, domestic and Eurobond holders should get credit for debt sustainability, not GoldBod

Bopkin, Ghana must therefore recognise the role of domestic bondholders, Eurobond holders, pensioners and external bilateral creditors in creating the fiscal space the country is currently enjoying.“Those who gave Ghana breathing space to have what we have today were domestic bondholders who sacrificed, were Eurobond holders who sacrificed, who came to the table when Ghana needed help the most,” he said.

He says their sacrifices, rather than GoldBod, provided the financial “breathing space” that has enabled Ghana to bring down its debt-to-GDP ratio and debt-servicing costs.