Audio By Carbonatix
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’
Latest Stories
-
LGBTQ Bill: We don’t want a repeat – Catholic Bishop warns Mahama could follow Akufo-Addo’s path
53 minutes -
Congo to receive first group of deportees from US this week, sources say
1 hour -
Rabat launches UNESCO World Book Capital 2026 celebrations with major international book fair
3 hours -
Gabon reaffirms support for Morocco’s sovereignty over Sahara, welcomes UN Resolution 2797
3 hours -
São Tomé & Príncipe backs Morocco’s sovereignty over Sahara, endorses autonomy plan
3 hours -
Police grab two suspects in possession of 40 bundles of suspected stolen ECG cables
3 hours -
Information Services Dept of Upper East Region receives ultramodern vans
3 hours -
Court remands hunter over murder
4 hours -
Alcaraz out of Barcelona Open with wrist injury
4 hours -
Refereeing v Atletico ‘a robbery’ – Barca’s Raphinha
4 hours -
Former footballers to meet government over ‘financial abuse’
4 hours -
Chris Wood must manage knee issue for the rest of his life
4 hours -
OSP has grounds to appeal High Court decision on prosecutorial powers – Prof Appiagyei-Atua
5 hours -
OSP requiring AG approval for every case ‘absurd’ – John Darko
5 hours -
Ekitike to miss rest of season and World Cup – Deschamps
5 hours