The former Finance Minister Seth Tekper says the country’s debt restructuring is unavoidable following the government's balance of payment deficit over the period.
His comment is coming as a backdrop of the country commencing discussions with domestic bondholders on a restructuring of its local currency or cedi debt as part of a plan to secure a $3 billion loan from the International Monetary Fund
The restructuring would be part of a debt-sustainability plan required by the (IMF) and will include part of the $19 billion Ghana has in outstanding local debt.
