GHANA ACADEMY OF ARTS AND SCIENCES

Investment and Growth Challenges in Ghana Amid Heavy Borrowing

March 17, 2025March 17, 2025 - by Liam Nguyen - Leave a Comment

Professor Peter Quartey asserts that Ghana’s significant borrowing has not led to the expected economic growth, with funds primarily used for salaries and debt service. He calls for a 60% …

Business / Companies / economics

Ghana’s Heavy Borrowing Yields Low Investment and Growth, Says Prof Quartey

March 17, 2025March 17, 2025 - by Liam Nguyen - Leave a Comment

Professor Peter Quartey highlighted that Ghana’s extensive borrowing over two decades has not resulted in the expected investment and economic growth. He proposed a 60 percent debt ceiling and a …