The International Monetary Fund will not provide funding to Ghana if it is determined that its debts are unsustainable, according to policy risk expert Dr. Theo Acheampong.

He claims that the IMF has made it clear that nations with unsustainable debt cannot get loans from the organization.

Myjoyonline quotes him as saying: "The IMF will only lend if they are confident that a country's debt is sustainable.

The IMF is prohibited from financing to members who have unsustainable debt unless they take efforts to restore that sustainability, which may involve debt restructuring, according to a statement on their website that I'd like to repeat here once more.

He noted that per some risk analysis that was conducted on Ghana’s debt in July last year, the country is at a high debt risk.

“And to determine whether your debt is sustainable or not, there are four bands that they will do in the DNC analysis. You’re either classified as being low-risk, moderate-risk, high-risk, or in debt distress. And as of last year, when that DNC was done in July, we were already classified as being at high risk of both external and overall debt distress,” he is quoted by myjoyonline.com.

Dr. Acheampong however said Ghana needs to commence a debt-restructuring process before advancing discussions with the IMF.

“So, given where we are now with the extra deficit and the extra spending I personally won’t be surprised if we move up into the next category already being in debt distress which then means that we will have to fundamentally commence a debt restructuring exercise before accessing the IMF financing,” he said.