Ghana finance minister says cedi's depreciation affecting ability to manage debt

Ghana finance minister says cedi's depreciation affecting ability to manage debt
Ken Ofori-Atta Image Credit: Facebook (ministryoffinanceghana)
  • Country:
  • Ghana

Ghana's finance minister Ken Ofori-Atta said on Thursday that the depreciation of the cedi is "seriously affecting" Ghana's ability to manage its debt.

The currency has lost more than 50% of its value this year, he told parliamentarians during a presentation of the West African country's 2023 budget.

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