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At the same time as it is asking for more U.S. government assistance for an International Monetary Fund (IMF) restructuring plan, the government of Ghana has accrued more than $330 million in arrears to American businesses. It has failed to put forth a payment plan, despite explicit promises to U.S. government officials to do so. This debt is for critical power already delivered to Ghanaian markets on the back of large American investments. It has accumulated over the past nearly three years, while other creditors of Ghana have been accommodated through the IMF program. Much of the funds invested in Ghana by American businesses come from U.S. state pension plans.
It’s time for a U.S. government reckoning
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