Tag: Zambia
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Zambia advises Ghana to have restrictive laws on debt accumulation
Mr Situmbeko Musokotwane, Minister of Finance and National Planning, Zambia, has advised Ghana to have restrictive laws on debt accumulation. “We put a law in Parliament which tied my hands to say, going forward, you can’t be like those in the past. So, we tied our hands for Parliament to have more power and restrictions…
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Ghana among 11 countries at high risk of debt distress – Report
Ghana is among eleven countries labeled as at high risk of debt distress in Africa. Ghana’s Public debt stock as at the end of 2018 stood at GH₵173.2 billion, according to the Summary of Economic and Financial data of the Bank of Ghana. High risk of debt distress The Economic Commission for Africa (ECA) in…