Ghana’s economy is showing signs of recovery two years after a severe crisis that led to a debt default.
However, the effects of the domestic debt restructuring are still posing challenges to sustained growth. The restructuring has disrupted the local bond market, forcing the government to rely on short-term, high-interest Treasury bills and private financing to fulfill its obligations.
As the country nears the final stretch of an election year, financial analysts are urging the government to maintain fiscal discipline to avoid further economic strain.
Banking consultant Dr. Richmond Atuahene has emphasized the need for robust contingency plans to protect the economy from potential shocks during this critical period.
“You postponed your debt to 2026/27 but what are we doing to ensure that on maturity you can pay the money, “he said
Dr. Atuahene warned that: If we don’t put our house right by disciplining ourselves and putting in serious discretionary controls then the debt exchange is a lost fate. If we don’t take care by two years time we may have another debt exchange because we haven’t taken serious measures .”
