According to Pierre Laporte, the World Bank's country director for Ghana, Liberia, and Sierra Leone, Ghana must take immediate action to address its current economic issues.

He believes that the strengthening of the dollar and the rise in inflation pose a serious threat to the nation.

According to him, domestic debt structuring will be challenging for the nation if no immediate action is taken.

"There is a pressing need for Ghana to address these issues quickly.

According to reports from 3news, he added, "What is occurring in the last few months is that inflation has gone up partially because of what is happening upside but also partly because the currency has weakened.

A further decline in the economy's capital adequacy will have serious consequences for the nation, he added, as banks depend on government bonds and securities.

"From my vantage point, domestic debt structuring is exceedingly tough, making it very difficult for Ghana to find another way out if nothing changes.

Why?

Because banks often invest in government securities and bonds, he explained that when you ask them to handle such matters, it impacts their capital adequacy and puts these banks at risk. International debt is simpler to reschedule or restructure.