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Ghana Tries to Defend Itself Against Debt Critics

The Ghanaian Finance Ministry is angrily refuting recent reports by Bloomberg News reflecting the increasingly widespread perception in the global financial community that the country is now over-extended and facing debt distress.

‘There are some serious factual errors in the article, which may give investors some cause for concern, if not corrected,” said the Ministry in a statement that aimed to challenge a January 13th Bloomberg report, which noted that Ghana’s debt nearly doubled over the past decade to 78.4% of gross domestic product (GDP).

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