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The issue of restructuring debt is a very complicated issue especially with the private sector and the Eurobond etc. We need to decide among ourselves on what type of structure that will be useful to us. We have essentially about 50/50 with regards to domestic and external debt”, Ken Ofori-Atta expressed.

Year on year inflation is expected to worsen further in the coming months in the wake of the decision by the Public Utility Regulation Commission to hike tariffs of electricity and water as well as increase in transport fares by the transport operators in the country.

The Saudis have also hinted that this year’s Hajj will be expensive for three main reasons the increment of Value Added Tax (VAT) from five (5) to fifteen (15) percent and demolition and reconstruction of buildings and hotels in Macca. The last but not the least was the huge investment made in Mina and Arafat