General News of Friday, 7 February 2020Source: Primenewsghana.comWorld Bank warns Ghana against excessive borrowingPresident of Ghana Nana Addo Dankwa Akufo-AddoThe World Bank has cautioned Ghana against excessive borrowing as the total debt stock of the country hits GHS214.9 billion. World Bank Country Director Frank Laporte urged Ghana to be careful with increasing the country's debt stock with fresh borrowings. He added that “Government is committed to supporting the Bank of Ghana to firmly stabilize the cedi throughout the year and even beyond”. Ghana’s public debt stock hits GHS214.9bnThe country’s total debt stock has hit GH¢214.9 billion ending November 2019. The GH¢214.9 billion total debt represents 62.1 per cent of Ghana’s-Debt-to-GDP ratio ending November 2019.

Source: GhanaWeb February 07, 2020 09:45 UTC