{
  "id": 3008312,
  "title": "Pensioners, domestic and Eurobond holders should get credit for debt sustainability, not GoldBod – Prof Bopkin",
  "url": "https://urgent.news/2026/08/24/pensioners-domestic-and-eurobond-holders-should-get-credit-for-debt",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-24T11:07:56.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/pensioners-domestic-and-eurobond-holders-should-get-credit-for-debt-sustainability-not-goldbod-prof-bopkin/"
  },
  "original_language": "en",
  "account": "Economist Professor Godfred Bopkin has emphasized the crucial role played by Eurobond holders, domestic bondholders, and pensioners in restoring Ghana's debt sustainability, rather than GoldBod. He highlighted that their sacrifices, not that of GoldBod, provided the necessary financial breathing space that has led to Ghana's reduction in debt-to-GDP ratio and debt-servicing costs. \"Those who gave Ghana fresh air were actually not GoldBod,\" he stated.\n\nProf. Bopkin pointed out that domestic bondholders, Eurobond holders, and pensioners who endured losses under Ghana's debt restructuring were essential in enabling the country to lower its debt-to-GDP ratio and debt-servicing costs. \"Those who gave Ghana sweat equity, who gave Ghana fresh air to breathe, and I think we need to recognise them today, including pensioners and all of them, who endured a haircut,\" he said.\n\nHe noted that Ghana's debt-to-GDP ratio had fallen to below 30% similar to the level it reached after the Highly Indebted Poor Countries programme and the Multilateral Debt Relief Initiative, but that fiscal space was eventually squandered, forcing Ghana to return to the IMF in 2009. \"Let's put in place the right structures, spend efficiently, borrow prudently, and invest it in enhancing the cash flow-generating capacity of the economy. Otherwise, we have been there before,\" he cautioned.",
  "summary": "Economist Professor Godfred Bopkin says Eurobond holders, domestic bondholders and pensioners who endured losses under Ghana’s debt restructuring were instrumental in restoring the country’s debt sustainability. He says their sacrifices, rather than GoldBod, provided the financial “breathing space” that has enabled Ghana to bring down its debt-to-GDP ratio and debt-servicing costs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Pensioners, domestic and Eurobond holders should get credit for debt sustainability, not GoldBod – Prof Bopkin",
        "url": "https://urgent.news/2026/08/24/pensioners-domestic-and-eurobond-holders-should-get-credit-for-debt-3009866",
        "published": "2026-08-24T11:07:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}