Comité pour l'abolition des dettes illégitimes

Ghana

Developing debt disaster

20 June 2023 - by Michael Roberts

Next week 300 international organisations and 100 heads of state meet in Paris to discuss how “to build a more responsive, fairer and more inclusive international financial system to fight inequalities, finance the climate transition, and bring (...)
Ghana’s default, letter on Sri Lanka calling for debt cancellation and Pakistan doubly victimized

11 January 2023 - by Iolanda Fresnillo

Ghana suspended payments on most of their external debts on december 19th, a week after reaching an agreement with theIMF for a US$3bn loan. Ghana has, according to Reuters, reached out to the Paris Club for an “expedited” Common Framework debt (...)
The fall and rise of Ghana’s debt: How a new debt trap has been set

19 October 2016 - by Jubilee Debt Campaign

Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year. Ghana’s crisis is the result of a gradual increase in lending (...)