Ghana’s Currency Becomes World’s Best Performer Against US Dollar Despite Debt Crisis

In October 2022, the Bank of Ghana revealed that the West African country’s public debt was 467.4 billion cedis ($37.4 billion), of which 42% was domestic debt, with interest payments consuming between 70 and 100% of government revenues. Currently, Ghana is taking measures to refinance its debt, seeking the International Monetary Fund’s help.