A former Deputy Governor of the Bank of Ghana, Dr. Mahamudu Bawumia, has painted a bleak picture of Ghana’s debt situation.

He said Ghana was on a slippery slope to the shackles of debt unsustainability, warning that unlike a decade ago when the nation enjoyed debt relief under the Highly Indebted Poor Countries (HIPC) initiative, this time around “debt relief is not available.”

He was delivering a lecture on the value of the national currency against major global currencies at the Central University College organized CUC Distinguished Speaker series.

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