Tag Archives: debt

According to Richmond Atuahene, a banking consultant, Ghanaians would pay back the loans that the government was taking out at exorbitant rates. He claimed that Ghanaians are ‘paying through the nose’.   In order to prevent the government’s borrowing from going overboard, Mr. Atuahene has suggested strategies for controlling it. …

  Half of Ghana’s government’s $7 billion obligation to the central bank was written 0ff. The leftover offset was supplanted with a 15-year bond at a reduced rate. Debt rebuilding a critical stage for Ghana’s qualification for a $3 billion IMF bailout credit, means to bring down abroad obligation installments …