Business News of Thursday, 27 May 2021Source: www.ghanaweb.com•Ghana's debt-to-GDP ratio is not expected to witness a reduction soon•The rate currently stands and 78% (including energy sector debt)•Government is expected to implement stringent measures to boost revenue generationVish Ashiagbor, a Country Senior Partner at the PricewaterhouseCoopers (PwC) Ghana, has indicated Ghana is likely not to witness a substantial reduction in the debt to Gross Domestic Product ratio anytime soon. According to him, the Government of Ghana currently bears the brunt for its debt sustainability and management and must therefore implement stringent measures to boost revenue generation. “It is for government to think-through and implement measures which boost the revenue, and as much as possible measures that can contain costs. Presently, the International Monetary Fund has pegged Ghana’s debt to GDP ratio at 78 percent (including energy sector debt). The Bretton Woods institution has also projected the ratio is expected to increase to 83.2 percent in 2022 – and then further to 84.8 percent in 2023.

Source: GhanaWeb May 27, 2021 13:36 UTC