A Tax Expert Exposes Foreign Countries on Loans They Give To Poor Nations
By Latestnewsupdate.gh (self media writer) | 1 month ago
The Executive Director for Revenue Mobilisation Africa and a tax expert, Geoffrey Ocansey have revealed what foreign countries do to poor countries when they are offering loans to them.
According to Geoffrey Ocansey, the foreign countries who are capable of giving out loans favors well-developed countries and does not charge huge rate of interest from them.
Geoffrey Ocansey revealed that with the poor countries, they are being charged with a huge rate of interest due to certain reasons.
Geoffrey Ocansey added that requesting loans from foreign countries is not bad but if it is not invested in projects that will yield profits to pay the debts the country owns, it creates a massive problem as the citizens begin to complain.
Geoffrey Ocansey disclosed this on TV XYZ during the program titled "Dwabo Ase" on Monday, July 4, 2022.
If you want to hear more from Geoffrey Ocansey, then kindly watch the video below
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