Swap our debts for climate interventions – Akufo-Addo to rich countries
President Akufo-Addo has asked rich countries to allow heavily indebted poor African countries to swap their debts with climate interventions.
The President has been addressing the world at this year’s United Nations Climate Change Conference, (COP27) in Egypt.
Ghana is currently facing a crippling economic crisis fueled by huge debt.
The debt situation is proving to be a major stumbling block to getting an IMF deal in time.
Ghana is seeking a $3 billion bailout but the IMF has made it clear it will not lend to a country with unsustainable debt levels.
The IMF team has already worked with the finance ministry to complete a debt sustainability analysis.
The IMF executive board is expected to base its fina...
