GDP

By Isaac Ato Mensah Accra – 12 February, 2020 Ken Ofori-Atta, Ghana’s finance minister’s strategy of external borrowing while using the GDP as a yardstick of debt sustainability is problematic. This month USD3bn has been added to our sovereign debt; and in March he plans to borrow another USD750million. Often we hear henchmen say: “Keep quiet and let’s listen to expert opinion; Do you know more than Ken?”; his educational credentials are used as a basis to deflect critics. Last week when Frank Laporte, the World Bank Country Director visited the Speaker of Parliament, he reportedly told the Speaker that Ghana’s debt status is atRead More →