The World Bank boss, David Malpass has cautioned government to take a look at its borrowing rate, lest put the next generation at risk.
Speaking in an interview on Joy News he explained that government re-focus on fixing the ballooning debt stock.
His comment comes after President Akufo-Addo secured a loan facility worth £170 million for the establishment of a Development Bank during his trip to France.
According to Mr Malpass, he’s worried about the impact of these rampant loans on the future generations and government must therefore put a hold on that.
He said: “Ghana needs to take a break from borrowing and pay attention to its debts which resulted in the country been classified as high risk of debt distress”.
Source: GhanaFeed.com
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