An economist, Courage Bouti, says that apart from the government borrowing 94.4 billion cedis through Treasury bills in 2024, concessionary funding from multilateral agencies such as the African Development Bank, the International Monetary Fund, and the World Bank could serve as alternative funding options.
According to him, Ghana’s chance of borrowing from other countries, such as China, is low due to the debt restructuring by the government.
He reveals to the host of Spice 91.9 FM, Adzekyee Mu Nsem, Ampem Darko, that the Eurobond Market and International capital market stand to undergo a restructuring.
He observes that the recent VAT on electricity for domestic usage is a means of government generating resources.
Mr. Bouti urged the government to be cautious in its spending to not plunge Ghanaians into economic setbacks.
Mr. Bouti, however, warned the government not to attempt to restructure the Treasury bill as it would collapse the banking system and financial architecture.
