General News of Tuesday, 18 February 2020Source: starrfm.com.ghGhana back to HIPC debt level – Kofi Bentil bemoansVice President of IMANI, Kofi BentilVice President of policy think tank IMANI, Kofi Bentil, has expressed concerns over the rising debt level of the country. Then God Blessed Ghana with Oil.10 years after debts were cancelled and Oil money came on stream, plus rebasing our economy which gave us more capacity, Ghana is back to HIPC levels of Debt. We seriously need to stop and redirect how we are managing Oil revenues,” Mr. Bentil took to Facebook to express his concerns. Last year, a senior member of the IEA, Dr. John Kwakye warned Ghana is moving into an unsustainable territory in debt accumulation. Bailouts to lenders during a cleanup of the banking sector and liabilities for excess power and gas that Ghana doesn’t consume have pushed up government debt.
Source: GhanaWeb February 18, 2020 17:15 UTC