china debt

Ghana needs to avoid a holdup in debt restructuring talks with China to help save the economy from sliding into deeper crises with spiraling inflation and currency depreciation. A delay would deny the economy of a bailout package in the first quarter, resulting in the depletion of the already low reserves and weakened confidence, two economic experts, Prof. Godfred Alufar Bokpin of the University of Ghana Business School (UGBS) and Courage Kwesi Boti of GCB Capital Plc, have said in separate interviews. The two explained that these risked exposing the cedi to new bouts of depreciation and setting in motion…