Remaining external debt restructuring negotiations may create short term payment challenges - BoG
The Bank of Ghana stated in its May 2026 Monetary Policy Report (MPR) that the completion of the remaining external debt restructuring negotiations may create potential short-term external payments challenges for the country. It advised that a high reserves accumulation remains key to meeting high external debt service payments. The Bank of Ghana also noted that fiscal targets were met amid concerns about revenue performance and the pace of expenditure execution.
Revenue yields appear to be picking up in April 2026 due to the steady implementation of new revenue measures from the 2026 budget, utilizing technology and AI. Government budgetary operations in quarter one 2026 resulted in an overall budget surplus (commitment) of GH¢1.709 billion (0.1% of Gross Domestic Product), compared to an expected target deficit of GH¢18.578 billion (1.2% of GDP). The corresponding primary balance (commitment) was a surplus of 1.2% of GDP, against a primary surplus target of 0.2% of GDP. On a cash basis, the overall budget surplus was GH¢824.3 million.
Quick Summary
The Bank of Ghana has warned that ongoing external debt restructuring negotiations could lead to short-term payment challenges for the country. This
Summary - read the full story for complete context.
Image: Joy Business
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from Joy Business
Related Stories
More from Business & Economy
AGS, NEIP lead international mission to unlock global opportunities for Ghanaian startups
Ghanaian startups embarked on a high-level European mission-could this be the key to unlocking unprecedented global growth and investment?
1d ago•
