...Institutional and economic profile Flexibility and performance profile Ghanaian authorities have restructured the majority of the country's sovereign debt, with the exception of $2.6 billion in remaining obligations, $0.72 billion of which S&P Global Ratings classifies as debt to commercial creditors. Ahead of the Dec. 7 parliamentary and presidential elections, the government is complying with the terms of its IMF program, by operating a primary budgetary surplus, moving forward with energy sector reform, and taking steps to stabilizing banks affected by the 2020- 2022 crisis. -- S&P Global Ratings expects Ghana to reach an agreement with its remaining commercial creditors over the next six months, enabling it to formally emerge from default. -- Surging remittances and a pause on most external interest payments will enable Ghana to post its second consecutive current account surplus this year. -- Strong hydrocarbon activity drove up first-half GDP by 5.9% year on year, despite a worsening...
