Ghana’s economy is beginning to recover two years after a severe economic crisis triggered a debt default.
Despite this progress, the impact of the domestic debt restructuring continues to hinder prospects for sustained growth. The overhaul disrupted the local bond market, leaving the government reliant on short-term, high-interest Treasury bills and private financing to meet its obligations.
As the country approaches the final stretch of an election year, financial analysts are urging the government to exercise fiscal discipline to prevent further economic strain.
Banking consultant Dr. Richmond Atuahene has called for robust contingency plans to shield the economy from potential shocks during this critical period.
“You postponed your debt to 2026/27 but what are we doing to ensure that on maturity you can pay the money, “he said
Dr. Atuahene warned that: If we don’t put our house right by disciplining ourselves and putting in serious discretionary controls then the debt exchange is a lost fate. If we don’t take care by two years time we may have another debt exchange because we haven’t taken serious measures .”
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