Ghana

Ghana is close to the approval of its USD 3 bln IMF program by satisfying most of the requirements. The IMF demands that Ghana reduces its debt to 55% of GDP by 2028 and external debt service to 18% of annual revenue over the same period. Ghana seeks to reach a consensual restructuring outcome with its private creditors. Authorities plan to meet with independent power producers owed USD 1.6 bln as of the end of last year, and those arrears are included in the Debt Sustainability Analysis.