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The Government needs to raise domestic revenue and cut expenditures. Revenue can come through taxes and other viable sources. The Government can’t keep borrowing its way out of debt.
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Ghana's Debt Makes Development Impossible - Here Are Some Solutions
Analysis - By the year 2000, the government of Ghana had borrowed so much that the country was in debt distress. It then subscribed to the Heavily Indebted Poor Countries initiative of the International Monetary Fund and World Bank. Consequently, … Continue reading