Ghana’s debt stock: Akufo-Addo is responsible for 60%- NDC MPs

Minority Caucus of Parliament has taken a swipe at Akufo-Addo-Bawumia-led Administration for excessive borrowing, accusing government’s machinery of jumping Ghana’s public debt stock by 60% in five years.

Ghana’s public debt stock currently stands at 332.4 billion Cedis per the latest data from the Central Bank, a jump from a little over 100 billion Cedis in five years.

Speaking at Policy Dialogue on Economy in Accra on Monday 26 July 2021, Former Deputy Finance Minister Dr. Cassiel Ato Forson said “For the total debt stock of 332.4 billion, Akufo-Addo alone is responsible for 60%, very soon Ghana will be unattractive to the bond market”.

The Minority Spokesperson on Finance Dr. Forson also said “We want Ken Ofori-Atta to come and announce convincing measures in the mid-year-review on Thursday”.

Source: africaneditors.com