The World Bank has cautioned Ghana against prematurely re-entering the international capital market, citing concerns over rising expenditure and fiscal discipline. This warning follows the release of the Ghana Public Finance Review Report.

World Bank Country Director Robert Taliercio O’Brien stressed that a hasty return could undermine Ghana’s debt restructuring progress, leading to unsustainable borrowing costs. He urged the government to focus on fiscal discipline and reducing the debt-to-GDP ratio to 55% by 2028.

Ghana, currently under a $3 billion IMF program, has been locked out of global capital markets since 2022 due to mounting debt and economic challenges.