Paper 1 real world example: Government debt as a barrier to economic development
Ghana is in the middle of a huge economic crisis and has been forced to agree to a $3 billion loan from the IMF to ease its debt problems. This is a country that has fallen into economic difficulties despite its significant natural resources such as gold, cocoa and oil. Like all economies worldwide, Ghana has struggled to recover from the Covid 19 pandemic and the resulting supply chain problems. The country...