Ghana qualified for a $918 million IMF programme in 2015 and has applied for a $3 billion bailout in 2022 awaiting approval.
Unlike our 16th enrolment in 2015, Ghana’s current unsustainable debt levels will certainly be a huge obstacle in obtaining a deal. A lot of conditions must be met.
According to the International Monetary Fund, “In cases where a country’s debt is assessed as unsustainable, the IMF is precluded from providing financing unless the member takes steps to restore debt sustainability, including by seeking a debt restructuring from its creditors. The IMF and World Bank still need to conduct a thorough update of the debt situation through a new Debt Sustainability Analysis (DSA), which will then be presented to our Executive Board when it considers the authorities’ program request.”.
The infographic below compares the status of some selected economic indicators in 2015 when government applied for a bailout to that of 2022.
Latest Stories
-
Supreme Court steadily chipping away at Parliament, breaching separation of powers – Tony Aidoo
43 seconds -
‘I sold my car and land to organize Ghana’s biggest boxing bout’ – Alex Ntiamoah
25 mins -
We can build a judiciary system that is truly citizen-centred – Chief Justice
25 mins -
CID has done nothing about alleged NPP fake news attacks against Mahama – Tanko-Computer
1 hour -
Traditional rulers to resolve recent clash between GIS officers and Shia residents in V/R
1 hour -
Charles Goh: Government must address Tema-Dawhenya-Prampram traffic, alternative roads
3 hours -
Nana Akosua Addobea launches Cocoa Kente to honour Cocoa farmers and Tetteh Quashie
3 hours -
Black Stars return to Accra after Angola draw seals AFCON qualifying failure
3 hours -
A year on: Mepe marks Akosombo floods, demands accountability from government
3 hours -
Vacant seats saga: We can continue business in Parliament after elections – Agbodza
3 hours -
Vacant seats controversy: I agree with Supreme Court judgement – Gary Nimako
4 hours -
The ballot paper errors we saw in Ketu North and South were terrible – NDC
4 hours -
Vacant seats: Supreme Court ruling lacks enforceability without further orders – Justice Atuguba
4 hours -
AFCON 2025: ‘We were not good enough’ – Otto Addo
4 hours -
Any vote for Akua Donkor will be annulled – EC
4 hours