Meanwhile, the World Bank has cautioned Ghana against excessive borrowing as the country heads to the polls this year.
According to the Bretton Wood Institution, Ghana risk being classified as debt distressed if the development is not checked.
Government days ago raised 3 billion dollars on its latest roadshow. The country’s debt stock stands in excess of 200 billion dollars prompting calls for the Akufo-Addo led government to pull the brakes on the borrowing.
Speaking to the media after a courtesy call on the Speaker of Parliament, the Country Director for the World Bank in Ghana, Pierre Frank Laporte, however, argued the fiscal responsibility Act will serve as a check for borrowing.
Source: starrfm.com.gh
