Ghana's Debt Burden Seen Falling Sharply on Economic Expansion
Ghana's debt burden will ease sharply this year as the economy expands and the government reins in spending after a debt crisis, Barclays Plc said.
The country's debt ratio probably declined to 54% of gross domestic product in January from 61.8% of GDP at the end of December, three years earlier than an International Monetary Fund goal under the country's $3 billion program, Barclays analysts Michael Kafe and Andreas Kolbe wrote in a note to clients. That's on the back of reduced government borrowing and a bigger GDP, the analysts said.
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