Is Africa’s debt cycle unbreakable?
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Ghana was once considered a success story and a model for African development. But after suffering several economic shocks, the west African country is now struggling to pay off its debts. The FT’s west Africa correspondent Aanu Adeoye and Africa editor David Pilling explain how Ghana exemplifies the debt cycle that many African countries find themselves stuck in, and what has to change to break it.
Clip from GhanaWeb TV
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For further reading:
How Ghana’s economy became a cautionary tale for Africa
Africa needs international help to avoid a lost decade
Ghana default puts domestic debt ‘can of worms’ in the spotlight
Ghana secures $3bn IMF deal after creditors agree to debt restructuring
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On Twitter, follow Aanu Adeoye (@aanuadeoye), David Pilling (@davidpilling) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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