Growing public debt and a low reserves buffer leave the sovereign exposed, according to the latest results of Euromoney’s Country Risk survey.
Ghanaian policymakers have received a wake-up call over the state of the country’s public finances from analysts participating in Euromoney’s Country Risk (ECR) survey.
Contributing economists knocked 0.1 points off the country’s government finances score last week, cementing concerns over the country’s debt sustainability and budgetary requirement.
The score downgrade has resulted in Ghana falling one place to 78th in the ECR global rankings. It means the country’s government finances score (3.6 points) is now at an all-time low and below that of other African countries to have issued Eurobonds (see graph).