Ghana has been urged by the International Monetary Fund to add the 1.5 billion COCOBOD syndicated loan and the 2 billion Sinohydro loan from China to its current debt stock.

On September 27, 2022, norvanreports.com reported this.

The new IMF mission in Ghana is performing a thorough debt sustainability analysis as of September 26, 2022, and the IMF highlighted that this will present a clear and comprehensive picture of the country's overall debt stock.

When the debt stock is included, Ghana's GDP to debt ratio will increase from 78% (GH396 billion) to over 80% (GH399.5 billion).

Meanwhile, the government is said to be reluctant in making the addition, whiles noting that the Sinohydro loan was a barter trade for the country’s bauxite resources, norvanreports.com have said.

The government of Ghana commenced discussions with the International Monetary Fund on Monday, September 26, 2022.

According to the government, a comprehensive Debt Sustainability Analysis (DSA) which is a key requirement for securing an IMF-supported program is currently ongoing.

The move, the government said, is a necessary requirement to ensure that Ghana’s debt is on a sustainable path.

A release by the Ministry of Finance on September 26, 2022, said, “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.”