FACTCHECK: Did World Bank President tell goverment to stop borrowing and #FixTheCountry? - News Summed Up

FACTCHECK: Did World Bank President tell goverment to stop borrowing and #FixTheCountry?


General News of Thursday, 27 May 2021Source: ghana.dubawa.orgClaim:President of the World Bank has asked Ghana’s president, Nana Addo Dankwa Akufo-Addo, to stop borrowing and fix his country. In the post, the president of the World Bank is reported to have told the government of Ghana to stop borrowing and fix her country. The post has generated so many comments and has been shared by one other popular Ghanaian blog, Aba_the_great1. Verification:At a recent virtual Media Roundtable discussion by the World Bank for some journalists in Western and Central Africa, the president of the World Bank, David Malpas, made some observations about Ghana’s current status. In the original news article regarding the issue by Myjoyonline.com, Mr Malpas was quoted as saying “holding down the non-concessional debt means higher interest rate debt because that burdens the further generations”, thus making the social media post misleading.


Source: GhanaWeb May 27, 2021 13:30 UTC



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