The development Ghana has enjoyed in recent years has been impressive, with the country on track to halve extreme poverty by 2015.
Development assistance played an important part in this. Through organizations such as the GAVI Alliance and The Global Fund to Fight AIDS, Tuberculosis and Malaria, the number of people receiving vaccines and anti-malarial bed nets has rocketed. Unfortunately, though, there is a cloud on the Ghanaian horizon. Public debt has recently spiked and the country’s risk of debt distress has worryingly increased over the past few years.
Despite this concerning trend, loans make up over one-third of what Ghana receives in official development assistance.