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Expert Warns Ghana: Avoid Unsustainable Capital Market Loans

3/15/2025

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Summary

Story summary

Professor Peter Quartey of ISSER warns Ghana's government against hastily returning to the capital market for loans. He advocates for multilateral financing and boosting domestic revenue, emphasizing the dangers of unsustainable borrowing. Quartey calls for a strategic approach to fund allocation that prioritizes long-term economic growth and stability over short-term consumption.

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Story summary

Professor Peter Quartey of ISSER warns Ghana's government against hastily returning to the capital market for loans. He advocates for multilateral financing and boosting domestic revenue, emphasizing the dangers of unsustainable borrowing. Quartey calls for a strategic approach to fund allocation that prioritizes long-term economic growth and stability over short-term consumption.