UNDP Warns Ghana Over High Borrowing Costs

UNDP warns Ghana over borrowing costs despite signs of recovery

Ghana must intensify efforts to strengthen its sovereign credit profile or risk high borrowing costs undermining its long-term development, the United Nations Development Programme (UNDP) has warned. Speaking at a national credit ratings workshop in Accra, UNDP Resident Representative Shaima Hussein said the organisation’s support “comes at a critical moment” as the country works to rebuild its economic credibility following recent financial shocks.

By Caleb Ahinakwah