Ghana exceeds 3 key fiscal thresholds : vimarsana.com

Ghana exceeds 3 key fiscal thresholds


Governor of the Bank of Ghana, Dr. Ernest Addison
The Bank of Ghana has warned that Ghana is now in violation of three key fiscal thresholds used by the international development and financial communities to assess the financial standing of what are referred to as “Market Access Countries” which means nations that access international capital markets for financing using sovereign debt instruments. Ghana’s regular issuance of Eurobonds makes It a ‘MAC”.
While Ghana’s exceeding the 70 percent public debt to Gross Domestic Product ratio – the country’s ratio reached 70.1 percent by October and is expected to rise significantly further by the end of 2020 due primarily to general election related expenditure – has attracted all the public attention, BoG Governor Dr Ernest Addison has drawn attention to two other key thresholds which Ghana has now exceeded as well.

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