Ghana may loosen purse strings after debt deal

Significance

The announcement thereby removes one of the last major obstacles standing in the way of a comprehensive debt resolution for the country.

Impacts

• If a recently passed anti-LGBTQ+ bill is signed into law, Ghana may face aid cutoffs from Western donors.
• The government will struggle to increase its tax take in the coming year.
• If elected, former president and opposition candidate John Mahama may seek to challenge elements of Ghana’s IMF deal.