Ghana’s public debt has reached 721 bln cedis, and the country faces surging inflation, poor job prospects, and a crushing debt burden. The new administration, led by President John Mahama, is in talks with the IMF to refine a USD 3 bln bailout program. Ghana aims to increase its tax-to-GDP ratio to 24% by 2028, but its current tax-to-GDP ratio is only 14%.