BossuTv Logo
trending_flat
Top 10 Countries with the Most Government Debt in 2025

As of 2025, government debt remains a key marker of fiscal health, shaped by economic strategies and spending priorities. According to the International Monetary Fund’s World Economic Outlook (October 2025), here are the top ten countries with the highest government debt: United States – $38.27 trillionThe US has the world’s largest government debt, owing to decades of deficits and fiscal stimulus. Strong investor confidence keeps borrowing costs manageable. China – $18.68 trillionChina’s debt is driven by infrastructure investment and local government borrowing. Despite rising debt, substantial foreign reserves and investor demand stabilize costs. Japan – $9.83 trillionJapan exhibits one of the highest debt-to-GDP ratios due to stimulus spending and an aging population. Low interest rates help service its debt, but demographic challenges remain. United Kingdom – $4.09 trillionThe UK’s debt results from pandemic recovery spending and social program commitments. Fiscal policies balance growth with […]

trending_flat
 Oyedele Urges Governors to Borrow for Infrastructure Only

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has advised state governors to borrow money only for building infrastructure that spurs economic growth, not for routine government spending. Speaking at the launch of a report on state finances in Abuja, Oyedele expressed concern over the rising debt levels of state governments. He clarified that borrowing is not inherently bad, but its purpose is what matters. “There is nothing wrong with borrowing; what matters is what you are borrowing for?” he stated. “We need to borrow less for recurrent spending, if at all, and borrow responsibly for infrastructure and productivity.” He commended states like Abia, Enugu, and Lagos, which allocate over 70% of their budgets to capital projects like roads and schools. He also revealed that new tax laws coming into effect next year will shift […]

trending_flat
Cocoa Farmers Advised to Save During Harvest to Break Debt Cycle

Cocoa farmers have been advised to adopt a savings culture during the peak harvest season to protect themselves from financial hardships and reduce dependence on loans during the lean season. Industry experts warn that the growing reliance on borrowing in off-seasons often pushes farmers into crippling debt, destabilising farming households and threatening livelihoods. Speaking at a capacity-building workshop for women in the cocoa value chain at Nkrankwanta, District Cocoa Officer Johnson Asumah cautioned against reckless spending and stressed the need for prudent financial management. He said saving during harvest time is critical for breaking the cycle of debt. The workshop, which brought together over 300 women, also introduced participants to alternative livelihoods including organic pesticide production, fish farming, snail rearing, and soap making. Community Extension Agent Mercy Bempomaa Oduro-Gyan highlighted the importance of income diversification, saying it would enable women […]

trending_flat
IMF Projects Ghana’s Debt to GDP Ratio Will Reach 83% by end of 2024

The International Monetary Fund (IMF) has projected that Ghana's debt-to-GDP ratio will climb to 83% by the end of 2024, as detailed in its October 2024 fiscal monitor report during the ongoing IMF annual meetings in Washington, D.C. Currently, Ghana's debt stock exceeds GHS 760 million, equating to approximately 75% of GDP.Despite this increase, the IMF forecasts a steady decline in the debt-to-GDP ratio over the next five years, predicting it will drop to 69.7% by 2029. This optimistic outlook is based on anticipated improvements in Ghana's fiscal indicators.In addition to the debt projections, the IMF has maintained its economic growth forecast for Ghana at 3.1% for 2024, which aligns with the government’s end-year target. IMF Chief Economist Pierre-Olivier Gourinchas emphasized the importance of a “triple pivot” strategy—comprising easing monetary policy, rebuilding fiscal reserves, and implementing structural reforms—to ensure sustainable […]

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation