$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.

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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 […]