Nana Addo is burying Ghana in debt — American economist Prof Hanke
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American economist and professor of applied economics at the Johns Hopkins University in Baltimore, Maryland, has criticized Economist Professor Steve Hanke has criticized President Nana Addo Dankwa Akufo-Addo, accusing him of intentionally leading Ghana into a debt crisis.
In an X post, he said Ghana is wallowing in debt due to deliberate actions taken by the President
Despite a GH¢14.2 billion reduction in public debt from June to September 2023, the country’s total debt remains high at GH¢567.3 billion ($51.0 billion), constituting 66.4% of GDP.
The fluctuation is attributed to minor currency gains and a pause in international borrowing.
The November 2023 Summary of Economic and Financial Data reported the revised debt at GH¢581.5 billion in June, rising to GH¢584.4 billion ($53.0 billion) by August 2023
