Tag Archives: World Bank warns Ghana against excessive borrowing

Ken Thompson, former Chief Executive Officer of Dalex Finance, has expressed his disappointment in former Finance Minister Ken Ofori-Atta’s management of Ghana’s economy, particularly criticizing the government’s excessive borrowing. In an interview with Umaru Sanda Amadu on Channel One TV’s Face to Face on Tuesday, March 25, Thompson recounted his earlier warnings to Ofori-Atta about the looming economic crisis if ...

The 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. The warning comes after the country issues a successful 3 billion Dollars Eurobond which came at a coupon rate described ...