Tagged in: Debt

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Has Africa learned its lesson on debt?

Thirteen years after the debt relief movement saw billions in unsustainable public borrowing written off by Western creditors, there are worrying signs that African economies could be lurching towards another crisis.…

Africa’s debt spree: Precursor to a new debt crisis?

As Ghana’s newly elected President Nana Akufo-Addo, draped in a splendid multi-coloured “kente” silk robe, took to the podium last December during his inauguration, the newly elected leader told the world that the West African country was “open for business again.”

He had campaigned on a platform pledging to revive a stalling economy, promising to build a factory in each of Ghana’s more than 200 districts and provide free high school education for all children.