Over the following 4 years, the nation is anticipated to pay about GH¢150.3 billion in home debt service.
This represents 11.6% of Gross Home Product (GDP) in home debt service obligation alone, of which 73.3% due in 2027 (GH¢57.6 billion) and 2028 (GH¢52.5 billion).
Based on Finance Minister, Dr. Cassiel Ato Forson, the Home Debt Change Programme has resulted in big home debt service funds.
Presenting the 2025 Funds in Parliament, Dr. Forson stated the debt service obligations of 2027 and 2028 are main humps.
“These humps are cancerous and pose vital danger to the economic system however we will repair it!”
“Our debt service obligation for this monetary yr is equally burdensome with vital humps in February (GH¢9.9 billion), July (GH¢6.2 billion) and August (GH¢10.1 billion). The fiscal challenges are additional compounded by the numerous short-term treasury invoice maturities that now we have inherited”, he defined.
These obligations, totaling about GH¢111.1 billion, he stated, require rollover each week, putting further stress on money movement and liquidity necessities.
Past home maturities, the finance minister lamented that Ghana faces vital exterior debt service obligations over the following 4 years totaling US$8.7 billion, representing 10.9% of GDP, with heavy focus in 2027 and 2028.
Once more, he stated the 55% of the whole exterior debt service of US$8.7 billion is because of be serviced in 2027 (US$2.5 billion) and 2028 (US$2.4 billion).
“It appears the debt restructuring undertaken by the earlier administration was designed to be 2027/2028-heavy. Regardless of all these upcoming home and exterior debt service obligations, no buffers had been constructed to cushion these unprecedented debt service burdens”, he added.
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