THE INCONVENIENT TRUTH with Ing. Prof. Douglas BoatengDebt does not make a nation poor, wasting it does
Features

THE INCONVENIENT TRUTH with Ing. Prof. Douglas BoatengDebt does not make a nation poor, wasting it does

Published September 16, 20268 min read

The 2025 numbers challenge one of Africa’s most persistent economic misconceptions. Global public debt stood at almost 94% of GDP: Japan’s exceeded 200%, the United Kingdom’s was above 100%, Singapore carried exceptionally high gross debt while remaining a major creditor with vast public assets, and South Africa remained close to 78%. Yet debt distress is profoundly unequal. The difference is not simply how much a country borrows, but the currency, cost, maturity and credibility of that debt, and whether borrowing expands tomorrow’s ability to repay.

Published by Christabel Danso
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