Ghana – Impact of the Falling Crude Oil Prices [Occasional Paper 05]
August 31, 2015
FiscalAlert4: Ghana: Implications of the Rising Interest Costs to Government
December 14, 2015

FiscalAlert3: Public Debt and Sustainability: Whither Ghana?

No. 3: Public Debt and Sustainability: Whither Ghana?

Ghana’s public debt stock has risen substantially since it enjoyed HIPC/MDRI debt relief in 2005-2006. The highly expansionary scal position in 2006-2008, nanced by external borrowing, triggered a very rapid eterioration in the country’s debt sustainability. This trend was amplied by the resulting balance of payments pressures and currency depreciation, which led to a revaluation of foreign currency-denominated claims relative to domestic GDP.

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