Ghana’s strategy to establish a dedicated cedi and dollar reserve fund has been endorsed by PIED Africa Chief Economist Dr. Daniel Amateye Anim as a critical step toward stabilizing debt management and strengthening investor trust.
In an interview with The High Street Journal, Anim described the initiative as a “progressive buffer” for timely bond payments that reduces reliance on emergency market borrowing.
“The mechanism will help government build buffers to meet obligations when due,” Anim noted, emphasizing its potential to enhance Ghana’s creditworthiness among international rating agencies and investors. He cautioned, however, that disciplined execution is essential for risk mitigation, adding: “The only way to avert defaults is to implement such measures consistently.”
The economist characterized the reserve as a forward-looking debt-risk tool vital for economic stability. His analysis aligns with the Mahama administration’s broader efforts to restore fiscal credibility following Ghana’s $3 billion IMF program. Anim urged stakeholders to support the fund’s implementation as a foundation for long-term resilience.
