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Debt Overhang: Debt reduction and crowding out: The case of Ghana's domestic debt crisis, 2022/2023

World Bank (2022) found that the fiscal deficit widened slightly to 9.3% of GDP in 2021 but further increased to 12.1% of GDP in 2022 due to higher spending. Public debt rose from 79.6% in 2021 to over 88.1% of GDP in 2022, as debt service-to-revenue reached 117.6%.

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The case of Ghana's domestic debt crisis, 2022/2023 –

The case of Ghana's domestic debt crisis, 2022/2023 –
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BoG approves recapitalisation plans of undercapitalised banks – IMF –

BoG approves recapitalisation plans of undercapitalised banks – IMF –
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Energy sector arrears stood at $1.6bn in 2022

In its 2023 Article IV Consultation, the Bretton Wood institution said the government continued to accumulate payables during the first half of 2023, hence breaching the related programme indicative target (IT).

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The IMF Board Approval — There is more work to do

The IMF Board Approval — There is more work to do
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