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Debt stock peaks at GH¢273bn in September

Ghana's debts reached an all-time high in September this year on the back of increased borrowing to make up for shortfalls in revenues and...

Borrowing goes through the roof as East Africa amasses $73b in external debt

Countries in the region have seen increased borrowing over the past decade, amassing $73.8 billion in external debt. The International Debt Statistics 2021 report by...

Ghana spends GH¢6.40bn on interest payments in 1st quarter

The government of Ghana spent GH¢6.40bn on interest payments in the first quarter of 2020. This represented 1.7% of Gross Domestic Product (GDP) and in...

Ghana obtains US$500m debt repayment freeze from World Bank

President Nana Addo Dankwa Akufo-Addo has announced that Ghana has obtained a $500-million dollar freeze in debt and interest repayment for the rest of this year...

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