The Problem With Servicing Commercial Debt in Ghana

Ghana's debt stock, if you look at the breakdown, for instance, we owe the Euro bond markets about $13 billion US dollars. In the next five years, we have about $7 billion of these bonds maturing and we have to pay that is principal. On the side of interest payments and charges, we need close to $2 billion every year to make sure we service our debt. Aside from the Euro bond market, there's this aspect where energy sector debt also adds up a lot to the debt stock.

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