08
Apr
COVID-19, Banking Sector Clean-Up Cause Of High Debt Stock – Bawumia Vice President, Mahamudu Bawumia has attributed Ghana’s rising debt stock to the COVID-19 pandemic and the banking sector clean-up. Addressing a National Tertiary Students Confederacy (TESCON) Training and Orientation Conference at Kasoa in the Central Region, Dr. Bawumia said the country’s debt to GDP ratio had “increased by 17.6 percent” between 2019 and 2021. He posited that the economy would have fared better without these unexpected events. “It should be noted that without the 15.1 billion of the exceptional items – the financial sector, and Covid, Ghana’s debt to…