Question

To what extent would you agree to the statement that Ghana’s debt stock has reached distressing levels despite the fact that the country benefitted immensely from the international debt relief initiatives?

Answer 1

To the degree of impressive degree, I obey with the given statement, since the public debt level of Ghana has expanded essentially, and in contrast with it, GDP development has not expanded altogether. It likewise has not very great obligation administration done by the legislature of Ghana. It makes debt level to be unreasonable and it ranges to the trouble level in the short run and the medium run. In such manner, Wold Bank and IMF, both have placed Ghana into the class of nations that has a significant level of misery because of the debt level.

Along these lines, even is debt alleviation measures are taken, the economy isn't reacting and developing as it should. It makes reimbursement of debt to the exceptionally troublesome and nation is confronting the distress