ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

Ghana’s debt-to-GDP falls by only 1% despite debt restructuring – Fitch  

Wed, Apr 26 2023 10:28 AM
in Business, Ghana General News
ghanas debt to gdp falls by only 1 despite debt restructuring fitch
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT
Finance Minister

Despite a substantial redemption reprofiling and significantly lowered interest rates, rating agency, Fitch estimates that the present value of  Ghana’s public debt-to-Gross Domestic Product (GDP) has been reduced by only one percentage point to slightly above 100% of GDP.

This is by using the standard 5% discount rates that applies in the International Monetary Fund/World Bank debt sustainability framework for low-income countries.

It added the domestic debt exchange has increased the debt-to-GDP ratio by 0.6 percentage points with payment-in-kind coupons corresponding to an increase in the face value of the new bonds compared with the face value of tendered bonds.

Furthermore, the rating agency said the IMF support for Ghana will likely depend on the government’s ability to show a path towards bringing the present value of debt to 55% of GDP over the forecast horizon on the basis of the IMF/World Bank debt sustainability analysis and the ability of official bilateral creditors to provide financing assurances in the context of the Common Framework external debt restructuring that authorities have requested.

Although discussion has started among some official creditors, Fitch stressed that the official creditor committee, responsible for providing the financing assurances, has not been created yet.

It therefore does not expect the provision of financing assurances, which will pave the way for an IMF Board approval of the Extended Credit Facility (ECF) arrangement and for a new debt sustainability analysis to be published, before end of the second quarter of 2023.

ReadAbout

Stronger cedi, lower prices: Decathlon Ghana slashes prices by 35% on over 500 sports items

Commonwealth Head of Mission to lead clemency petition for Ato Essien on justice, human rights grounds

Business and investor confidence improving – AGI

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Zoomlion deepens Africa expansion with strategic partnership in Kenya

Zoomlion deepens Africa expansion with strategic partnership in Kenya

0
Stronger cedi, lower prices: Decathlon Ghana slashes prices by 35% on over 500 sports items

Stronger cedi, lower prices: Decathlon Ghana slashes prices by 35% on over 500 sports items

0

“Love on the Ropes”- Ebo Whyte impresses again with rollercoaster of love, lies and live band fire

Nzema East Blue Water Guards partner Axim police to foil galamsey operations around Draw River Forest Reserve

Minerals Commission orders Heath Goldfields to cease operations at Bogoso-Prestea Mine amidst possible license revocation

Ghana Music Awards Europe adds ‘Best Political Song’ category for 2025 edition 

Azumah Resources refutes claims of selling Black Volta Gold Project

GFA boss Kurt Okraku appointed President of CAF Inter-Club Competitions

GFA boss Kurt Okraku appointed President of CAF Inter-Club Competitions

More HIV patients not on treatment – New report reveals

  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • Rastafarian student Oheneba Nkrabea graduates from GIS after Achimota saga

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
  • Perseus Mining Ghana announces leadership transition

    0 shares
    Share 0 Tweet 0
  • Western Region police arrest 44 suspects in major ‘galamsey’ raid

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.