Business News of Thursday, 22 July 2021Source: thebftonline.comThe International Monetary Fund (IMF) has projected the country’s public debt to hit 83.5 percent of Gross Domestic Product (GDP) by end of the year, thereby throwing the economy into the dreaded list of debt-distressed countries. This technically means that for every GH¢1 worth of economic activity produced in the country in 2020, 78.9 pesewas was classified as debt. “While there are encouraging signs of an economic recovery, they noted that it remains uneven across sectors. The IMF further emphasised that government’s digitisation drive and structural transformation are key to recovering the economy. “Structural transformation and digitalisation agenda are critical to support the recovery.

Source: GhanaWeb July 22, 2021 03:45 UTC