New macroeconomic framework needed for recovery – Ghana governor
Public debt levels have breached maximum thresholds and NPLs are likely to climb, Addison says
The Bank of Ghana’s governor says there is a need to design a medium-term macroeconomic framework to help the country’s economy recover from the impact of Covid-19.
Ernest Addison said public debt levels had risen due to a fiscal expansion to contain the impact of the pandemic.
“There is the need to design a plan to bring down the debt to sustainable levels to contain risks posed to future financing of the budget, exchange rate stability and financial sector stability,” he said.
According to
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