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Gov’t Slashes Borrowing Rate
PRESIDENT AKUFO-Addo has honoured his promise of reducing Ghana’s rate of borrowing.
This can be evidenced from the fact that the debt to GDP ratio, which increased by 49% between 2008 and 2012; and 19% between 2012 and 2016, has recorded 3.9% between 2016 and 2019 (excluding the cost of the banking sector clean-up or 9.3% including the cost of the banking sector clean-up).
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