Ghana has been ranked 2nd in the world by Bloomberg with the highest debt default risk. The debt to GDP, is estimated at 84.6% by the end of this year. Together with Brazil, Ghana’s interest expense to GDP is projected to hit seven-point-two percent in the period under review, the highest among the 25 countries, captured by Bloomberg. The International Monetary Fund, IMF has warned that more than 30% of emerging and developing countries are near debt distress, with 60% from developing economies. Source: ghanaweb.comDisclaimer : Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com.
