Business News of Saturday, 8 February 2020Source: www.ghanaweb.comKen Ofori-Atta explains how borrowing can transform Ghana’s economyKen Ofori-Atta, Finance MinisterFinance Minister Ken Ofori-Atta has reiterated the need for Ghana to make room for smart borrowings as the country bids to become an export driven economy. Speaking on Joynews’ Newfile, the Finance Minister said “I think we’re at 60 percent if you include our energy and financial services intervention you axe that and you’re around 58, 59%. Despite the country’s high debt rate, Ken Ofori-Atta stated that Ghana should not panic but rather ensure that the country borrows with care. He added that Ghana borrows because it wants to “inject resources into the economy with the expectation that that will enhance productivity. The Finance Minister also touted his achievements at the Eurobond Roadshow where the government embarked on to raise 3 billion dollars.

Source: GhanaWeb February 08, 2020 14:05 UTC