United Nations is predicting that Ghana together with some other African countries may not be able to pay up their public debts unless some drastic measures are taken to reform the global financial system.
According to a recent report released by the UNDP, Africa is facing a double crisis with the combined effects of the war in Ukraine and of the COVID-19 pandemic.
The document further stated that the continent may be caught up in the cycle of dependency unless some remedial measures are taken.
Charles Abani – UN Resident Coordinator in Ghana said the country must find ways of becoming more resilient.
His comments come in the wake of predictions by global rating agency, Fitch, which says it sees more than 50% chance of Ghana defaulting on its debt repayment.
Story by: Kelvin Danso
