A new set of data from Ghana have been included in the EMEA Debt Transparency Platform (DTP), which now presents individual debt transactions data from two African countries, Angola and Ghana.
On the occasion for the addition of the new data set, EMEA President, Prof. Rym Ayadi, underlined that “debt transparency is cornerstone to effective monitoring of use of funds and standardisation”.
The EMEA Debt Transparency Initiative, aims to enhance knowledge about debt related issues, particularly in low-income countries (LICs) and lower-middle-income countries (LMICs).
In line with Ayadi and Avgouleas (2020), furthering debt transparency, via the implementation of a global sovereign debt registry, can enhance the quality of debt monitoring and thus help reduce the risk of a messy and costly systemic debt crises. In the same way it can ensure orderly sovereign debt resolution and reduce the risk of an abrupt loss of market access.