A Bloomberg study has ranked Ghana 2nd among countries with the highest debt default risk in 2022.
The country closely follows El Salvador (ranked number one) in the Sovereign Debt Vulnerability Ranking.
Ghana’s debt to Gross Domestic Product (GDP), according to Bloomberg, is estimated at 84.6% by the end of this year.
This indicates that the nation’s debt would have surpassed ¢400 billion by far before the end of 2022.
Speaking to Ohene Kinnah on Plan B Fm’s ebaanosen , Prince Obiri Yeboah, a financial analyst and an economist said that over the years the economy has been poorly managed and the outcome of the Bloomberg report was expected.
He added that the NPP is doing the exact opposite of what the preached when they were in opposition such as no corruption, no IMF and soo many more but looking at things corruption is on a high in their era and that is one of the main reason for our number 2 rank on the Bloomberg report.
In Conclusion he called on the Government to work things out in their last 2 years else they will be held responsible for everything even after their administration.
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