{"id":8488,"date":"2022-09-27T14:45:01","date_gmt":"2022-09-27T14:45:01","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=8488"},"modified":"2022-09-27T15:04:07","modified_gmt":"2022-09-27T15:04:07","slug":"ghanas-public-debt-to-gdp-at-100-restructuring-unavoidable-ato-forson","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=8488","title":{"rendered":"Ghana\u2019s public debt to GDP at 100%, restructuring unavoidable \u2013 Ato Forson"},"content":{"rendered":"<p><strong>A former Deputy Minister of Finance, Cassiel Ato Forson says Ghana\u2019s debt is unsustainable making debt restructuring unavoidable as the country\u2019s \u201cpublic debt to GDP is now about 100 percent\u201d.<\/strong><\/p>\n<p>A tweet by the Ajumako lawmaker disclosed that the government has finally been forced to add all the key elements in calculating public debt in terms of GDP ratio as part of the IMF negotiation.<\/p>\n<p>\u201cAfter calling the minority names because I insisted they add the ESLA and GETFund bonds plus cocoa bills and Sinohydro to the public debt, Govt has finally agreed as part of the IMF negotiation to add all of them! he tweeted.<\/p>\n<p>The Ministry of Finance on Monday announced that the IMF delegation is currently undertaking a comprehensive debt sustainability analysis of the country.<\/p>\n<p>\u201cthe Government of Ghana is putting together a comprehensive post-Covid-19 economic program which will form the basis for the IMF negotiations.\u201d<\/p>\n<figure id=\"attachment_8490\" aria-describedby=\"caption-attachment-8490\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-8490\" src=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/09\/40958171-300x190.jpg\" alt=\"\" width=\"300\" height=\"190\" srcset=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/09\/40958171-300x190.jpg 300w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/09\/40958171-600x381.jpg 600w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/09\/40958171.jpg 619w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-8490\" class=\"wp-caption-text\"><strong>HON DR ATO FORSON<\/strong><\/figcaption><\/figure>\n<p>\u201cThe programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability, underpinned by key structural reforms and social protection.\u201d<\/p>\n<p>\u201cGovernment remains committed, and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner as we seek to fast-track this process.\u201d<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-8492\" src=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/09\/Fdm74NGXwAUwlJH-248x300.jpg\" alt=\"\" width=\"248\" height=\"300\" srcset=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/09\/Fdm74NGXwAUwlJH-248x300.jpg 248w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/09\/Fdm74NGXwAUwlJH.jpg 563w\" sizes=\"(max-width: 248px) 100vw, 248px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A former Deputy Minister of Finance, Cassiel Ato Forson says Ghana\u2019s debt is unsustainable making debt restructuring unavoidable as the country\u2019s \u201cpublic debt to GDP [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1592],"tags":[426,1795,2007],"class_list":["post-8488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ato-forson","tag-debts","tag-gdp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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