Behind the Money

Is Africa’s debt cycle unbreakable?

Ghana was once considered a success story and a model for African development. But after suffering several economic shocks, the west African country is now struggling to pay off its debts. The FT’s west Africa correspondent Aanu Adeoye and Africa editor David Pilling explain how Ghana exemplifies the debt cycle that many African countries find themselves stuck in, and what has to change to break it.  Clip from GhanaWeb TV- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/bd67731c-cea0-4045-96d4-5fff001f1fd2?segmentid=c6bc4c92-a175-c936-88fb-4dfe4ffadce7" rel="noopener noreferrer" target="_blank">How Ghana’s economy became a cautionary tale for Africa</a><a href="https://www.ft.com/content/5fac406f-a4f1-493f-bac4-007bb12146e5?segmentid=c6bc4c92-a175-c936-88fb-4dfe4ffadce7" rel="noopener noreferrer" target="_blank">Africa needs international help to avoid a lost decade</a><a href="https://www.ft.com/content/7e008f0d-1ae9-4b8a-8caf-4e014fdf2f41?segmentid=c6bc4c92-a175-c936-88fb-4dfe4ffadce7" rel="noopener noreferrer" target="_blank">Ghana default puts domestic debt ‘can of worms’ in the spotlight</a><a href="https://www.ft.com/content/dcbe7953-334d-4e39-890f-4bbf8d0917b1?segmentid=c6bc4c92-a175-c936-88fb-4dfe4ffadce7" rel="noopener noreferrer" target="_blank">Ghana secures $3bn IMF deal after creditors agree to debt restructuring</a>- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Aanu Adeoye (<a href="https://twitter.com/aanuadeoye" rel="noopener noreferrer" target="_blank">@aanuadeoye</a>), David Pilling (<a href="https://www.ft.com/david-pilling" rel="noopener noreferrer" target="_blank">@davidpilling</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) <a href="https://www.ft.com/content/cec6fb46-ead9-425c-b201-f41ac5e7a121" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.