Ghana: Debt to Hit 72.4 Percent of GDP - Moody's

Rating Agency Moody's says it expect Ghana's debt to hit about 72.4 per cent of Gross Domestic Product (GDP) by the end of the year, before declining to 68.9 per cent by end of 2019.

"This level is higher than previously anticipated due to the 2.6 percent of GDP costs associated with the formation of the Consolidated Bank, coupled with the 0.9 percent of GDP costs associated with the resolution of UT and Capital Banks," it said in its review of the banking sector reforms.

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