The Directors of the Fund who worked on the “Article IV Consultation Document” however welcomed the fiscal adjustment envisaged in the 2021 budget, adding “fiscal consolidation is needed to address debt sustainability and rollover risks, as Ghana continues to be classified at high risk of debt distress.” To protect the most vulnerable, the report said considerations could be given to more progressive revenue measures and a faster return to the pre-pandemic level of spending, with a shift towards social, health, and development spending. The Directors also encouraged the timely completion of the planned audit of COVID-19 emergency spending and new expenditure arrears. The Directors of the Fund further noted that despite the current status of Ghana, they know the country will not default in repaying its debt because of its strong track record of servicing its debts to the Fund, albeit risks to country’s capacity to repay increasing. It however stressed that Ghana needs support from the