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The representative of ministry of finance John Kumah has guaranteed that Ghana has never defaulted on its obligation payment.He accepts that the nation has never defaulted in its obligation reimbursement as the assets acquired are contributed toward key areas and projects.Ghana’s obligation stock has so far arrived at GH¢332.4 billion as toward the finish of May 2021
Dr. Kumah added that Ghanaians ought not be stressed a lot over this characterization for the time being, on the grounds that means are being taken to manage every one of the issues distinguished with regards to Ghana’s obligation .
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He likewise said”All pointers of the danger of obligation trouble country have improved incredibly, one can discuss expansion, and development and cedi steadiness are all in the strong position, so are the nation’s import cover and saves”,
The World Bank noticed that it is stressed over the effect of this improvement on Ghana’s obligation and fears that the nation could hit trouble status soon.
The World Bank and IMF are right now doing Ghana’s Debt Sustainability Analysis.
This will affect Ghana’s characterization and capacity to take care of its obligation on schedule. The nation is as of now named High Risk of Debt Distress. Nonetheless, World Bank is stressed that Ghana could “flip” into an obligation trouble country.
