Ghana is among the least corrupt countries in Africa, but Ghana is annually losing billions to graft - a menace that keeps people poor and shatters their dreams., which playing large role in increase debt of Ghana.goverment welfare programs are mostly corrupted which are financing through government debt , and thus these program are unsuccessful . Than again financing through debt these program and thus this have become a viscous cycle. Banking system also corruption thus Npa problem also an issue which again increase debt of Ghana financial system.
Corporate sector also in news due to rising corruption and foreign investment also their ,Thus this also affect debt.
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