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AfDB: Nigeria, Ghana spend more on external debt interest payment than public health

Nigeria and Ghana are among the West African economies where debt-interest payments rival or exceed public health spending, highlighting the growing pressure debt servicing is placing on government…

  • Nigeria and Ghana spend more on external debt interest than public health.
  • External debt service share of GDP increased from 23.7% in 2017 to 31% in 2024.
  • Debt servicing hampers fiscal space for healthcare, infrastructure, and development.

Sunshine Girl Kiara

Sunshine Girl Kiara loves playing her saxophone, reading, driving and singing. This Pisces, who posed for us in 2017, wants to be a professional model. (STAN BEHAL/Postmedia)

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