21
Apr
Fitch Solutions has dismissed the view that Ghana’s economic woes is largely due to the Covid-19 pandemic and the Russian/Ukraine war. According to the research and market information firm, the country’s debt had reached alarming levels even before the external shocks set in. Responding to a question at a recent Sub Saharan Africa Macroeconomic Update, Senior Country Risk Analyst, Mike Kruiniger said both external and internal shocks caused the macroeconomic imbalances in the country. “I think the answer is, it’s been aggravated by the Covid-19 pandemic and the war in Ukraine. Those two are not the only cost to Ghana’s…