Business News of Thursday, 14 May 2020Source: www.ghanaweb.comToday in 2014: Parliament must legislate to limit govt borrowing – AGIParliamentarians in cabinet (File photo)The Association of Ghana Industries (AGI) in 2014 appealed to Parliament to pass a law that will limit government from excessive borrowing from foreign nationals. Read the story orginally published in 2014 by GNA belowThe Association of Ghana Industries (AGI) is calling on Parliament to initiate steps to pass a law to check government’s excessive domestic borrowing. Ghana’s domestic debt grew by 30 per cent between 2011 and 2012 constituting 53 per cent of the total public debt as compared to 47 per cent for external debt. The domestic debt stock stood at $ 12,569.83 million at the end of August 2013. The proposed legislation if pushed for Parliament to pass would help streamline government domestic borrowing and regulate external influences on businesses, he said.

Source: GhanaWeb May 14, 2020 11:26 UTC