• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

S&P Forecasts Ghana’s Debt-to-GDP Ratio to Remain Above 60% Until 2027

8 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
77
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

S&P Forecasts Ghana’s Debt-to-GDP Ratio to Remain Above 60% Until 2027

Global rating agency S&P has projected that Ghana’s public debt-to-Gross Domestic Product (GDP) ratio, including COCOBOD obligations, will remain above 60% in gross terms until 2027.

The New York-based agency emphasized that Ghana’s debt trajectory will be highly sensitive to economic growth, fiscal performance, and balance-of-payments dynamics, particularly those extending beyond the June 2026 end date of the country’s International Monetary Fund (IMF) programme.

Debt Composition and Fiscal Risks

S&P estimates that after Ghana’s debt exchange programme, foreign currency debt constitutes approximately 66% of the total government debt, assuming a 99% participation rate in the Eurobond exchange, with 91% of holders opting for discount notes.

The agency cautioned that it might revise Ghana’s local currency ratings outlook to negative if fiscal and external economic outcomes deteriorate further.

Opportunities for Ratings Upgrade

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

On a more positive note, S&P noted that a successful restructuring of Ghana’s remaining commercial debt could lead to an upgrade of the long-term foreign currency rating.

“Our analysis will incorporate the sovereign’s post-restructuring credit factors, including the new terms and conditions of its external debt,” S&P stated.

The rating agency also indicated that Ghana could see an improvement in local currency ratings if the government makes significant progress in stabilizing public finances and bolstering foreign currency reserves.

Debt Exchange and Ratings Update

Following the completion of Ghana’s distressed debt exchange on Eurobonds, S&P assigned a ‘CCC+’ foreign currency issue rating to the country’s five categories of new notes.

The exchange, which secured the approval of the majority of Ghana’s Eurobond holders, aimed to restructure $13.1 billion in Eurobond debt and arrears. The debt exchange sought to alleviate external debt-service pressures and restore public debt sustainability as part of Ghana’s Extended Credit Facility (ECF) arrangement with the IMF.

Tags: debt to GDP ratioS&PS&P Forecasts Ghana’s Debt-to-GDP Ratio to Remain Above 60% Until 2027

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.