Fitch’s liquidity challenges projection for Ghana inaccurate – Dr Assibey-Yeboah

Former Parliamentary Finance Committee Chairman, Dr. Mark Assibey-Yeboah, has refuted Fitch Ratings’ warnings of liquidity challenges for Ghana in 2025 and 2026, citing debt relief from external debt restructuring as a significant oversight in their analysis.

Speaking on Joy News’ PM Express, he noted that the estimated $8 billion in debt savings will provide Ghana with fiscal breathing room.

Fitch, however, maintains that liquidity pressures will persist, projecting Ghana’s interest-to-revenue ratio at 29% in 2025 and 30% in 2026, well above the emerging market average of 16%.

Associate Director Thomas Garreau emphasized the need for urgent fiscal reforms despite Ghana’s recent strides in fiscal consolidation.

Fitch anticipates Ghana’s exit from sovereign default by July 2025 if external debt restructuring concludes by June. The differing perspectives highlight challenges in assessing Ghana's economic recovery and fiscal stability.