The International Monetary Fund is projecting that the country’s debt-to-GDP ratio will reach almost 84% by the end of the year.
This was captured in the latest fiscal monitor report released on the sidelines of the IMF World Bank meetings currently ongoing in Washington.
The debt to GDP ratio is a mechanism the IMF and the World Bank use to measure how sustainable a country’s debt level is. At the moment Ghana’s debts have been characterized as unsustainable.
