Ghana Makes It Back On List Of Heavily Indebted Poor Countries

Heavily Indebted Poor Countries

Ghana has unfortunately made it back again into the list of Heavily indebted poor countries (HIPC). This information was captured on the official website of the World Bank.

It must be noted however that the country first joined the Enhanced HIPC initiative in March, 2001 and subsequently progressed to the decision point in October 2002, but with the help of former President J.A Kufour, we were delivered from that embarrassing tag.

Nevertheless, it appears successive presidents have not been able to keep us out of the list of Heavily Indebted Poor Countries.

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The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang, which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank.

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