Ghana was once considered a success story and a model for African development. But after suffering several economic shocks, the west African country is now struggling to pay off its debts. The FT’s west Africa correspondent Aanu Adeoye and Africa editor David Pilling explain how Ghana exemplifies the debt cycle that many African countries find themselves stuck in, and what has to change to break it.  Clip from GhanaWeb TV - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Ghana’s economy became a cautionary tale for Africa Africa needs international help to avoid a lost decade Ghana default puts domestic debt ‘can of worms’ in the spotlight Ghana secures $3bn IMF deal after creditors agree to debt restructuring - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Aanu Adeoye (@aanuadeoye), David Pilling (@davidpilling) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

At one time not that long ago, you could find Libor in everything: mortgages, corporate loans, credits cards and more. Now, its days are numbered. The FT’s Harriet Clarfelt and Philip Stafford take us back to the 1980s origins of the scandal-ridden benchmark rate, how its reputation came apart and why, with just weeks to go before a June 30 deadline, one part of the financial world is still racing to leave it behind.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Loan market braced for rush to Libor finish line  The pain and SOFRing are almost over ‘Litigation will take over’: US lawmakers warned of Libor chaos - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Harriet Clarfelt (@HClarfelt), Philip Stafford (@staffordphilip) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.