Uganda’s public debt hit 50% GDP amid huge infrastructural projects and growing volatilities in the global market

According to the Deputy Governor Bank of Uganda, Uganda’s public debt has risen to Shs 80 trillion, which is 50% of the Gross Domestic Product (GDP). The East-African nation’s debt has been under sharp focus recently, with international lenders and rating firms like IMF, World Bank, Moody’s and S&P downgrading its creditworthiness. The World Bank and IMF have warned countries […]

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Ghana’s economy in good shape – IMF

The International Monetary Fund (IMF) has given Ghana’s economy a clean bill of health. According to the fund, Ghana’s economy remained stable and projected a seven per cent Gross Domestic Product (GDP) growth for 2019. A team from the Breton Woods institution, led by Mr Carlo A.E. Sdralevich, which is in the country for Article IV Consultations, made the disclosure […]

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