Ghana’s debt burden will ease sharply this year as the economy expands and the government reins in spending after a debt crisis, Barclays Plc said.
The country’s debt ratio probably declined to 54% of gross domestic product in January from 61.8% of GDP at the end of December, three years earlier than an International Monetary Fund goal under the country’s $3 billion programme, Barclays analysts Michael Kafe and Andreas Kolbe wrote in a note to clients. That’s on the back of reduced government borrowing and a larger GDP, the analysts said.
The central bank will publish its next report containing the latest debt figures in two weeks.