“Ghana in a dangerous debt situation under Akufo Addo” – Former Bank of Ghana governor

The governing NPP must be modest enough to accept Ghana’s grave financial situation, according to former BoG governor Dr. Kwabena Duffuor.

According to Dr. Duffour, a member of the opposition NDC, debt is unheard of in the Akufo-Addo administration.

Duffour was responding to Majority Leader Kyei-Men-Sah-remark Bonsu’s that the NPP’s borrowing was preferable to that of the NDC.

“As of the end of 2021, Ghana’s national debt stock was valued at GH 351.8 billion. From GH9.8 billion in 2008 to GH36.0 billion in 2012 to GH122.3 billion by the end of 2016, the debt stock grew. The debt stock had grown to GH351.8 billion by the end of 2021, he stated.

He said, “The NPP Government from 2001-2008 left debt stock of GH9.8 billion in 2008,” however “the present NPP Government has raised debt by GH229.5 billion from 2017-2021.”

Does he not know these details, and is this what supports his claim that the NPP has a better borrowing history than the NDC?, in his opinion.

Or, in what can be regarded as one of the most difficult periods in our country’s history, is the Majority Leader spreading lies in order to play politics? The facts demonstrate that the majority leader’s assertions are inaccurate and should be rectified in the same public forum where they were made, regardless of the motivation behind them.