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July 22, 2026
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Ghana must avoid “old borrowing habits” as debt rises by GHC47bn — Kweku Adoboli
Money
Policy
Growth
Key Points
- Financial analyst Kweku Adoboli has cautioned the Ghanaian government against returning to excessive borrowing habits.
- Ghana's public debt increased by nearly GHC47 billion between February and May, requiring close monitoring.
- Adoboli emphasized the importance of fiscal discipline, especially given Ghana's participation in the IMF program.
- He noted that borrowed funds must translate into economic growth, as the debt has increased faster than GDP output.
- Policymakers must ensure borrowing is invested in productive sectors and does not outpace economic expansion to maintain long-term fiscal stability.
Why This Matters
This article is crucial for Ghana as it highlights a significant increase in public debt, raising concerns about the country's fiscal stability and potential return to past economic difficulties. Maintaining fiscal discipline and ensuring borrowed funds contribute to productive economic growth are essential for Ghana's sustainable development and its commitment to the ongoing IMF program.
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