Speaking on the affairs within the Foreign Ministry, Ablakwa described the debt as “colossal” and “frightening,” stressing things could no longer be business as usual.
''The President said, 'I will fix it.' And for me, that gives hope. That is like taking personal responsibility."
As a result, contractors are being forced to surrender valuable assets used as collateral for their loans.
In his first State of the Nation Address (SONA) since assuming office, President John Dramani Mahama has expressed grave concern over the deteriorating state of Ghana’s Sinking Fund. The fund, ...
Ghana's economic trajectory has faced significant hurdles in recent years, with fiscal mismanagement and unchecked public expenditure emerging as key challenges. The World Bank, in its latest Public Finance Review, ...
A new UNAIDS report highlights a mounting debt crisis in Sub-Saharan Africa that could severely undermine the region’s progress in fighting HIV. Sub-Saharan Africa accounts for nearly 26 million of ...
The International Monetary Fund Staff as part of an active work program on issues related to debt restructuring has outlined the re-use of cash payments, buy backs or collateral as ...
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