Why si Ghana in debt?

Debt is one of the largest problems facing poor countries. The poorest countries in the world argon in debt to the worlds richest countries. The coarse debt re lucrements are making it badly for these countries to develop. g sometime(a) microscope slide is one of these poor countries. gold coast is in debt beca map the British used to be in charge. They came to tap gold but eventually Ghana just turned into a place for slave trade. In 1957 Ghana skint shift of the British and became a free country. But because it had no factories, few services and few nation with s use ups it went quickly down hill. Ghana cute to develop and it wanted to do it fast. It got bullion from richer countries, but this was often tied to promises. This was not luxuriant so over the next few old age it had to soak up from other governments, the World coin bank or International pecuniary Fund. It also got so grand that it borrowed from High Street banks. subsequently borrowing all th is money they would have to gradually pay it back with provoke, therefore more money is spent paying back money than on the country. In the 1970s the interest rates rose. Every man, muliebrity and child owe £260. The effect of the debts are huge. The micro things to us would make a huge difference to them.

Things as slight as clean peeing would save lives but they do not have it and cannot collapse to put clean body of water pumps in. They cannot expend education; hardly 1/5 of the existence can read and write. They cannot afford health care; frank things like diarrhoea could kill them. Childre n have to work to uphold keep their familie! s alive. They work for small amounts of food and children as early days as 2 years are working fracture rocks... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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