General News of Monday, 20 January 2020Source: classfmonline.comHere is how much Akufo-Addo gov’t borrowed in 3 yearsAkufo-Addo, Prez GhanaGhana’s debt stock has increased by about GS86.6 billion since the Nana Akufo-Addo government came into office three years ago. In December 2016, Ghana’s debt was GHS122, representing about 62% of GDP. Per the trend, the debt stock would almost for certain, surpass GHS210 billion at the end of December 2020. For Greece, the debt crisis was as a result of the dangerous amount of sovereign debt she owed the European Union between 2008 and 2018. A high debt crisis leads to high interest rate and inflation, loss of investor confidence, slow economic growth and high unemployment rate.

Source: GhanaWeb January 20, 2020 13:07 UTC