Ghana

ACCRA, Dec 19 (Reuters) - (This Dec. 19 story has been corrected to fix debt figures in first chart) Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit. Its finance ministry said it will not service debts including its Eurobonds, commercial loans and most bilateral loans, calling the decision an "interim emergency measure", while some bondholders criticised a lack of clarity in the decision. The government "stands ready to engage in discussions with all of its external creditors to make Ghana's debt sustainable", the finance ministry said. The suspension of debt payments reflects the parlous state of the economy, which had led the government last week to reach a $3-billion staff-level agreement with the International Monetary Fund (IMF). Ghana had already announced a The country has been struggling to refinance its debt since the start of the year after downgrades by multiple credit ratings agencies on concerns it would not be able to issue new Eurobonds. That has sent Ghana's debt further into the distressed territory. Its public debt stood at 467.4 billion Ghanaian cedis ($55 billion as per Refinitiv Eikon data) in September, of which 42% was domestic. Reuters Graphics It had a balance of payments deficit of more than $3.4 billion in September, down from a surplus of $1.6 billion at the same time last year. While 70% to 100% of the government revenue currently ...

Daily life and social customs Although the bonds of the Traditional social values, such as respect for elders and the veneration of dead ancestors, are generally more evident among the rural than the urban population. However, a revival in the importance of these values and a closer identity with traditional social roots, as expressed in the institution of chieftaincy, is gaining ground among the urban There are also differences between the urban and rural populations in dress and eating habits, with the urban dwellers being distinctly more Westernized and sophisticated. Ghana possesses a rich fufu (starchy foods—such as cassava, yams, or plantains—that are boiled, pounded, and rolled into balls), kenke (fermented cornmeal wrapped in plantain leaves or corn husks), groundnut (peanut) The arts Ghanaian writers—such as Cultural institutions Ghana is home to many outstanding cultural institutions. The National Commission on Ghana Museum and Monuments Board is also based in Accra, where it maintains the National Museum, which houses collections of ethnography, archaeology, and art, and the Museum of Science and Technology. The Monuments Board also has several other museums throughout the country and is also responsible for the maintenance of buildings and Sports and recreation

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Travelers have plenty to look forward to on their trip Ghana’s warm-hearted citizens make the country one of the friendliest spots in West Africa, and with its compelling history, vibrant clothing prints and Life in Ghana generally moves at a slow, relaxed pace, but it can also be chaotic and fast in different settings. Embrace the cultural differences, mass traffic and intense bargaining, and you may fall in love with the place. Whether you're a first-time visitor or returning once again, here's what you need to know to prepare for your trip to Ghana. 1. Gather the necessary documents for entry Getting the paperwork together to visit Ghana is a process on its own and can be pricey. All visitors to Ghana A yellow fever vaccine is also required for entry into Ghana. Check with your local health department or medical clinics to get vaccinated. Malaria pills are also strongly recommended for visitors and can be prescribed by your doctor. If you can't get your hands on them before coming, pharmacies in Ghana have plenty in stock, and they tend to be a lot cheaper. 2. Carry a copy of your passport If you plan to visit different cities outside of 3. Forget you have a left hand In Ghana, actions like eating, waving and handing an item to someone are to be done with your right hand only (sorry, left-handers!). From an early age, many Ghanaians are taught that their left hand is to be used for cleaning themselves in the bathroom. Therefore, your left hand is considered filthy and s...