**Abstract**

Ghana's financial markets and the associated challenges, with a particular focus on the impact of debt restructuring on the country's public financial management, and its potential implications for Ghana's overall economic development. This paper will begin with a brief overview of the financial market structure in Ghana, followed by a discussion of the implications of debt restructuring for the country's public financial management. It will then discuss current and potential policy measures that could be implemented to promote financial market development in the country, before concluding with an examination of the prospects for financial market development in Ghana. This chapter aims to investigate the current challenges facing emerging financial markets in Ghana and the public financial management uncertainties arising from debt restructuring. It seeks to identify potential solutions to the country's current financial market and public financial management issues, examine the potential implications of these issues on the country's economic development, and provide a review of the current policy measures and their potential effectiveness.

**Keywords:** banking, financial, crisis, markets, emerging
