The IMF’s Fiscal Monitor report has projected that Ghana’s debt to GDP ratio will hit 74.1 percent at the end of 2016.
The report does not see the country’s expenditure consolidation attempts to be yielding enough results in reducing the debt to GDP ratio. The country’s total debt currently stands at over GHC97 billion.
revenues will continue to improve for the country as government will end the year mobilizing more than the 29 billion Ghana cedis.
The report does not see the country’s expenditure consolidation attempts to be yielding enough results in reducing the debt to GDP ratio. The country’s total debt currently stands at over GHC97 billion.
revenues will continue to improve for the country as government will end the year mobilizing more than the 29 billion Ghana cedis.
Source; http://ghnews360.com/Ghana-s-debt-situation-worsens-IMF-12577
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