#Debt

The President of Nigeria, Muhammadu Buhari has assured Nigerians especially those who have shown concern about the constant borrowing of the federal government that debt level of the country is still within sustainable limit. While presenting the 2022 Appropriation Bill to a joint session of law makers at the National Assembly in Abuja on 7th October, the President made the disclosure. “Some have expressed concern over our resort to borrowing to finance our fiscal gaps. They are right to be concerned. However, we…

Information delivered by the Bank of Ghana (BoG) on Ghana's total public debt stock demonstrate that the debt stock has crossed GHS 300billion. The 2021 budget statement fixed the debt at GHS291.6 billion. Be that as it may, the national bank's most recent figures demonstrate a sharp expansion in the debt by GHS13billion, addressing 4%. It is reviewed that not long after the 2021 budget statement was perused, analysts communicated fears that the debt stock would go up. Dr Lord Mensah, a senior lecturer at the…