An Economist and a Senior Lecturer of the University of Ghana Business School, Dr. Benjamin Amoah says, Ghana has achieved about one percent GDP value, after going through the Domestic Debt exchange Program.
He added that, this achievement was attained due to the strategies implemented by the International Monetary Fund, IMF.
Speaking on GBC’s Uniiq Breakfast Drive, Dr. Amoah said the country will take about two years and more of hard work to get to the investment stage as classified by Moody’s.
Moody’s in February 2023, upgraded Ghana’s local currency long-term issuer rating from Ca to Caa3, with a stable outlook.
This, he said contributed to the performance of the currency.
Dr. Benjamin Amoah reiterated that the “success of the Domestic Debt Exchange Program will attract the support of external creditors to help improve the ratings to a higher level.