$300m loan for Ghana armed forces in limbo

The total amount is up from 52.1 billion cedis in December 2013 and accounts for 55.4 percent of the gross domestic product.

Ghana’s parliament has been dragging its feet in approving a $300-million loan from Russia amid indications the country’s public debt continues to snowball. In July the Bank of Ghana revealed that the country racked up a public debt – external and public – of 58.4 billion cedis at the end of March. The total amount […]