Ghana: Debt Restructuring Must Go Hand-in-Hand With Managing Finances Better ...Middle East

allafrica - Economy
Ghana: Debt Restructuring Must Go Hand-in-Hand With Managing Finances Better
source : allafrica ( Middle East ) () 28
[The Conversation Africa] Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi has depreciated by 41% year-to-date against the US dollar. These vulnerabilities have been worsened by the aftershocks of the ongoing Russia-Ukraine war and the COVID-19 pandemic.

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