Governor of the Bank of Ghana, Dr Johnson Asiama
Governor of the Bank of Ghana, Dr Johnson Asiama, has given a stark warning about Africa’s escalating debt crisis, calling for urgent international action to prevent further setbacks to the Sustainable Development Goals (SDGs).
Speaking at the African Consultative Group Meeting in Washington, D.C., on April 22, 2025, Dr Asiama revealed that nearly half of Sub-Saharan African countries are now at high risk of, or already in, debt distress, with interest payments surpassing health and education spending in many nations.
“Many developing countries, especially in Africa, face high and rising debt levels, with a shift in creditor composition, high rollover risks, and substantial…
