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6min chapter
Is Africa’s debt cycle unbreakable?
Behind the Money
The Importance of External Help in Ghana
In 2017, Ghana welcomed a new president, Nana Akufo-Adu. But then came the COVID-19 pandemic and commodity-driven economies like Ghana's were hit hard. As global supply chains shut down, the government borrowed a ton from different lenders to insulate its economy. All of these factors together have left Ghana billions of dollars in debt.
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