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Ghana is in a debt crisis. From almost a negligible amount after independence, the country’s debt has now crossed half a trillion cedis.
Despite having huge debt cancellation two decades ago, Ghana still loses almost 30 per cent of its annual revenue to payments on its external debt alone, and is currently under a 17th IMF programme hoping to salvage an age-old economic problem – debt crisis!
In our latest hotline documentary, JoyNews' Isaac Kofi Agyei takes us on a historical ride tracking Ghana's over six decades of unbridled borrowing with ballooning public debt stock.
After 66 years of borrowing, 17 IMF bailouts, we ask if Ghana is capable of managing its own affairs.
Below is Part 1 of the documentary titled ‘The Genesis’
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