GHANA: DEBT-FUELLED ECONOMIC RECOVERY PLANS SPARK CONCERN OVER SERVICING RISK
Fri, 11 December 2020
Following relatively peaceful and orderly elections, Ghana is banking on an economic recovery in 2021 as indicated by slowing inflation and a strengthened financial sector. The main risk to a recovery remains the country’s growing debt burden, including legacy power sector borrowing and planned issuance of more international bonds next year, while government revenues remain constrained, thus posing serious risk to debt sustainability.
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