Question

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

Answer 1

We fully agree to the statement that Ghana’s debt stock has reached a distressing levels.

- By staying on the rundown of high-hazard distress nations, Ghana is currently essential for 18 other low-income nations in Africa, where debt sustainability by the IMF and the World Bank show extended penetrate of debt or debt administration limits.

- This implies the nation is presently one stage shy of slipping into the peril zone — debt distress, which contains nations previously encountering troubles in adjusting their debt and whose debt administration markers are in noteworthy or supported penetrate of edges.

- It additionally implies that the nation's danger of default is currently high

- We ought to be concerned on the grounds that when you have that hazard, the intrigue you pay when you need to raise extra subsidizing increments.

- It implies we are a dangerous borrower and speculators will factor in this danger component in deciding our loan fees

- What the consequences of the DSA implies is that the nation is at risk for debt distress regardless of the confirmations and on the off chance that you take a gander at the amount of our income strays into the red assistance consumptions, you will acknowledge it is extremely colossal