This move was intended to strengthen reforms in domestic revenue mobilisation, public financial management, and public debt management. However, despite this achievement, the International Monetary Fund (IMF) has expressed concern over the excitement surrounding Ghana's Eurobond issuance, emphasising the importance of a proper debt management framework. IMF Africa Director hails Ghana’s gains in power access, living standards“When the government issues domestic bonds, it’s fundamentally different. But whenever there is Eurobond issuance, the hype is overwhelming!” he said. He noted that Ghana has been classified as being at high risk of debt distress since 2014.
