IMF projects Ghana's debt to hit 83% of GDP end of year
Image source: GhanaWeb

IMF projects Ghana's debt to hit 83% of GDP end of year


Summary short_text

Already, the country is in the basket of economies at high risk of debt-distress - as the IMF data published after its directors concluded the Article IV Consultation with government show the country's gross public debt hit 78.9 percent of GDP in 2020, contrary to 76.1 percent reported by the Summary of Economic and Financial data.

The IMF however projects the economy to rebound strongly to 4.7 percent in 2021, compared to the 0.4 percent recorded in the first year of the pandemic.


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