[ad_1]
Company News of Wednesday, July 17, 2019
Source: Myjoyonline.com
2019-07-17
Seth Terkper, former Minister of Finance
Former Finance Minister Seth Terkper has challenged the government to prove its ability to reduce its level of debt by putting an end to excessive borrowing.
His call comes after the latest IMF and World Bank report revealed that Ghana was at high risk of over-indebtedness.
In June, the IMF again decided to place Ghana under post-program supervision after the level of its debt reaches a little over a billion dollars, several months after the end of a program. three years.
The latest clbadification of the IMF and World Bank on Ghana's debt situation has raised concerns about the government's ability to pay its debt, as many of the measures put in place have failed.
S addressing Joy Business, Seth Terkper said the government needed to reduce borrowing.
"You can do more. You can show the IMF that with the oil fields, we will not struggle, we will not compensate, we will not borrow. We will continue to use our depreciation fund.
"We must pay our debt to keep it within sustainable limits," he urged the government.
Source link
