The debt exchange program of Ghana: Consequences for the insurance industry

Joseph Oscar Akotey ()
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Joseph Oscar Akotey: Kwame Nkrumah University of Science and Technology

Development Finance Agenda, 2023, vol. 8, issue 5, 22-24

Abstract: The Government of Ghana has taken on excessive and unstainable debts. Data from Bank of Ghana shows that the country’s public debt stock has increased from an. already extremely distress level of 75.9% in September 2022 to a whopping 93.5% in November 2022. Consequently, the Government of Ghana is currently facing serious liquidity challenges and is unable to service its debts. As part of measures to service the public debt and reduce it to sustainable levels, the government has initiated a domestic debt exchange (DDE) program.

Date: 2023
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