There may be short-term difficulties with external payments if the remaining external debt restructuring talks are completed – BoG

The Bank of Ghana has said that the completion of the remaining external debt restructuring agreements may result in short-term external payment issues for the country.

Its May 2026 Monetary Policy Report (MPR) states that this could have an impact on the domestic currency, necessitating the requirement for larger domestic savings to cover future obligations to service external debt.

It suggested that meeting large external debt service obligations still requires a substantial reserve buildup.

“The risk to government fiscal performance is global uncertainties including commodity price fluctuations and geopolitical tensions”.

The Bank of Ghana states that despite worries about revenue performance and the speed at which expenditures are being carried out, budgetary targets were reached.

Source: newsthemegh.com