Stay updated with breaking news from Indebted Poor. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The International Monetary Fund (IMF) is projecting that Ghana’s Debt to GDP Ratio will increase further to 98.7% by the end of 2023. This was captured in its Fiscal Outlook Report released at the Annual IMF/World Bank Spring Meetings in Washington DC USA. Ghana recently undertook a Domestic Debt Exchange Programme (DDEP) to reduce the […]
An unsustainable burden of debt afflicts the peoples of Sub-Saharan Africa Part 5 In Sub-Saharan Africa, where health spending and human development levels are in a dramatic state, there is a stronger case than ever for unilateral suspensions of debt payments based on arguments recognized in international law; such as state of necessity and fundamental change of circumstances. This is a sine qua non condition for urgently reallocating public expenditure and creating the means to relieve certain effects of the pandemic. Such a suspension of payments must spur governments to take further step...