Published On: Wed, Mar 26th, 2014

FULL TEXT: RESTORING THE VALUE OF THE CEDI BY DR BAWUMIA

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A former Deputy Governor of the Bank of Ghana, Dr. Mahamudu Bawumia, has painted a bleak picture of Ghana’s debt situation.

He said Ghana was on a slippery slope to the shackles of debt unsustainability, warning that unlike a decade ago when the nation enjoyed debt relief under the Highly Indebted Poor Countries (HIPC) initiative, this time around “debt relief is not available.”

He was delivering a lecture on the value of the national currency against major global currencies at the Central University College organized CUC Distinguished Speaker series.

Click on this link to access the full document http://myjoyonline.com/docs/47034restoring%20the%20value%20of%20the%20cedi%20reading%20final.pdf .

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