Ghana will likely enjoy rebounding economic growth in 2025 thanks to its adherence to its International Monetary Fund (IMF) program, even if political risks from upcoming elections pose short-term threats and the country's lack of economic diversification potentially hinders growth in the medium to long term. On Sept. 5, Ghana's government invited its Eurobond investors to exchange their bonds for newly issued ones, a pivotal step in the country's debt restructuring process. This marks the latest milestone in Ghana's debt overhaul -- a key component of its January 2023 $3 billion support package with the IMF. It also comes after the country finalized a debt restructuring deal with official creditors and reached an agreement in principle with Eurobond investors to overhaul $13 billion of dollar-denominated bonds in June. Moreover, the Ghanaian government has pressed ahead with a range of structural economic reforms since December 2022 as part of its Post-COVID-19...
