Public Debt and Sustainability: Whither Ghana?
November 30, 2015Ghana: Implications of the Rising Interest Costs to Government
December 14, 2015Public Debt and Sustainability: Whither Ghana?
Fiscal Alert 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 deterioration in the country’s debt sustainability.
This trend was amplied by the resulting balance of payments pressures and currency depreciation, which led to a revaluation of foreign currency-denominated claims relative to domestic GDP.