Business News of Thursday, 16 January 2020Source: www.ghanaweb.comSetup independent body to audit Ghana’s public debt – Economist urges govtDr Adu Owusu Sarkodie,Lecturer University of Ghana Economics departmentLecturer at the Economics department of the University of Ghana, Dr Adu Owusu Sarkodie has raised concerns about the need for Ghana to setup up a body to audit its public debt. This the economist believes will aid in reducing the country’s rising debt stock. “Paying serious attention to revenue mobilisation should, therefore, be the number one priority of the government. Deepening the domestic debt marketDr. Sarkodie also pointed out the need to deepen the domestic debt market. “As a result, total public debt service-to-revenue ratio (including payments on external and domestic debt) has not only assumed a rapidly increasing path but has breached its indicative long-term threshold,” he mentioned.

Source: GhanaWeb January 16, 2020 19:52 UTC