Ghana completed its first debt service payments on the new bonds issued as part of its restructuring. Additionally, the World Bank reported that fiscal balances in Ghana are improving due to expenditure cuts and revenue-raising policies, although the pace of improvement is slowing. The World Bank forecasts that Ghana’s fiscal deficit will rise to 4.2% of GDP in 2024, compared with 3.5% in 2023 and 11% in 2022.