Breaking News

IT’S DISHEARTENING HOW AFRICA IS SUFFERING WITH SUFFOCATING DEBT – Ghana’s Finance Minister, Ken Ofori-Atta Laments

Ghana’s Finance minister, Ken Ofori-Atta asserts that about two-thirds of the economies on the continent are suffering from interest payments that surpass their budgeted allotments for health and education.

He is quoted by the New York Times as having expressed “disappointment that advanced economies had been slow to act.”

The minister as at last week was leading a government delegation to the Spring Meetings of the World Bank and International Monetary Fund (IMF) in Washington DC.

“Honestly, it is disheartening to watch Africa struggle in this way, especially considering the potential loss of productivity over the next decade should African economies buckle under the weight of suffocating debts,” Ofori-Atta said at an Atlantic Council event on April 14, 2023.
credit:ghanaweb
NKONKONSA.com
Spread the love

About Nkonkonsa.com

Check Also

SOME FILM PRODUCERS THOUGHT I COULDN’T EXPRESS MYSELF IN ENGLISH BECAUSE OF MY ROLE IN ‘EFIEWURA’ – Gloria Sarfo

ria Actress Gloria Sarfo has disclosed how some movie producers sideline her because of her role …