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Vol 4 (AAC) No 9

Published 1st July 2011


Ghana

Squatters, pipes and rails

After only two years in office, the National Democratic Congress government has increased Ghana’s total debt from US$8.1 billion at the end of 2008 to $13.4 bn. in May 2011. That gives the government a debt-to-gross domestic product ratio of 35%. That excludes deals that have been passed but are yet to be executed, such as the STX deal (see Feature) and a $10.4 bn. loan from China Export-Import Bank.

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