The economy has already been stranded, wallowing in wholesome debts and underdevelopment by the state. Who can tell, still hoping to have a Bailout from the IMF and other reliefs.
Ghanaian politician , Yayra Koku sets the internet on commotion after sharing this note. It had stated,” The $1.5 billion Eurobond maturing on September,2022 will swallow up the $750 million and a Huge chunk of the expected $1.3billion cocoa syndicated loan; that is even if it will come in before the Eurobond maturing date.
More woes to the cedi and the economy.
The implications of this note is Ghanaians have reach under a payable policy which ought to be paid by September 15th. This however covers a $750 sum and $1.3 syndicated loan. Nevertheless, if this isn’t submitted on due time, the cedi is at stake.
It would eventually force a high foreign exchange, pressure on the cedi
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