Tag: Ghana debt
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Ghana’s IMF debt ranking a bad investor signal – Lord Mensah
Finance Lecturer at the University of Ghana Business School, Professor Lord Mensah has expressed fears that Ghana’s already dwindling investor confidence will further be exacerbated as the government struggles to bring debt levels to a sustainable path. The economist’s comments come on the back of the International Monetary Fund’s (IMF) latest quarterly report which put…
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World Bank cautions Ghana over rising public debt
The World Bank has cautioned Ghana against piling its external debt and exceeding the sustainability threshold. According to the bank, Ghana is currently rated as a moderate to high-risk debt distressed country and so must tread cautiously. The government last week raised US$3 billion on the Eurobond market. The transaction was hailed as a success…