Ghana’s Maladjustment

Africa is suffering from a continent-wide debt crisis, the result of decades of dependence on predatory international finance. Ghana is its latest victim.

In May, Ghana received a $3 billion bailout from the International Monetary Fund (IMF). It was the 17th time the country had borrowed from the fund since its independence in 1957. After accepting a $918 million IMF loan in 2015, Ghana was described as Africa’s “shining star”: its multiparty democracy was healthy, its per capita […]

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