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’
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Asempa FM’s Ekosiisen supports renal patients with GHS100K, urges gov’t to absorb full cost of dialysis care
1 minute -
WAFCON 2024: We have ‘good options in attack’ – Bjorkegren backs Queens to improve goalscoring
2 minutes -
Vice President convenes strategic stakeholder meeting on Women’s Development Bank
10 minutes -
Bawumia visits Hawa Koomson after violent attack during Ablekuma North rerun
12 minutes -
Bawumia visits assault victims in Ablekuma North rerun; pledges support
15 minutes -
Mahama charges Transport Minister and Attorney-General to resolve unauthorised shipping charges
18 minutes -
Mahama engages freight forwarders on 24-Hour Economy
19 minutes -
Ghana Armed Forces promotes young soldier who rejected galamsey bribe
2 hours -
NFFA elects Michael Kwetey Tetteh as its president
2 hours -
NPP outlines guidelines ahead of 2025 National Delegates Conference
2 hours -
Ken Ofori-Atta’s extradition: FBI clears first major hurdle – No witch-hunt
2 hours -
NDC executives deny involvement in rogue anti-galamsey taskforce
3 hours -
Bailiff jailed four years for forging judge’s signature
3 hours -
“Oil funds for ‘Big Push’ will be efficiently used,” Mahama assures
4 hours -
Presidency launches gov’t accountability series to enhance transparency
4 hours