‘Growing debt left me fearful over Christmas

For mother-of-three Jade, Christmas used to be a “nightmare” time when she would constantly worry about how she would afford to make it special for her children. Drowning in debt, she was increasingly forced to choose between paying off a bill or feeding her children, with the pressure only growing over the festive season. “Christmas…

Bangkok Post – G20 must commit to debt relief

A photo dated Jan 10, 2024 shows a woman selling items on the streets of Kumasi, Ghana. The World Bank warned in a new report that poor countries will be stuck in economic ‘purgatory’ without debt relief. (Photo: New York Times) As G20 leaders met in Johannesburg last month, they faced a grim reality: many developing-country…

US bars Ghana from aid over sovereign debt defaults

The United States government has barred Ghana from receiving foreign assistance, including development loans and flagship programs such as the Millennium Challenge Corporation (MCC), following the country’s failure to meet debt obligations owed to Washington. The restrictions are set to take effect in the 2026 financial year. A report to the U.S. State Department stated…