Tag: Debt
World
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...
Business
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...
Business
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...