According to Cassiel Ato Forson, a former deputy minister of finance, Ghana's public debt to GDP is currently close to 100%, making debt restructuring inevitable due to the country's unsustainable debt.

The MP from Ajumako revealed in a tweet that as part of the IMF negotiations, the administration has now been compelled to add all the necessary components to the calculation of public debt as a percentage of GDP.

"Govt has finally consented as part of the IMF agreement to add the ESLA and GETFund bonds, plus cocoa bills and Sinohydro, to the public debt after calling the minority names because I urged they add them!

Tweeted him.

The Ministry of Finance on Monday announced that the IMF delegation is currently undertaking a comprehensive debt sustainability analysis of the country.

“the Government of Ghana is putting together a comprehensive post-Covid-19 economic programme which will form the basis for the IMF negotiations.”

“The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability, underpinned by key structural reforms and social protection.”

“Government remains committed and shall continue to actively engage all stakeholders, both public and private, in a clear and transparent manner as we seek to fast-track this process.”