Ghana’s Interest Payment Burden Reduced by GHS 7.9 Billion to GHS 48 Billon in 2024 Following Debt Restructuring
Ghana’s debt restructuring and IMF program have reduced interest payments to GHS 48.0 billion for 2024, freeing up funds for key government programs. The restructuring has led to $4.4 billion in debt relief and $4.7 billion in debt cancellation. The government has borrowed over GHS 155 billion in treasury bills and plans to borrow GHS 78 billion more. Total expenditure is reduced to GHS 219.7 billion, while capital expenditure is set to increase, reflecting a focus on infrastructure and economic growth.
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