The National Democratic Congress (NDC) has disclosed that each Ghanaian owes about GHC7000.
According to the party, Ghana’s total debt stock currently stands at $38.9 billion or GH¢198 billion. The figure, YEN.com.gh understands, represents 57% of Ghana’s Gross Domestic Product (GDP).
The NDC argued that the Akufo-Addo-led government has increased Ghana’s debt burden. It added that the government used the money for consumption instead of capital expenditure or infrastructure development.
Pulse.com.gh reports that data from the Bank of Ghana (BoG) recently showed that the total debt stock has gone up by GH¢22 billion within 4 months. It shot up by GH¢51 billion from March 2018 to March 2019. In January 2019, the total public debt was $35.7 billion (GH¢176.6 billion) and $35 billion (GHS180.7 billion) for February 2019.
The figures represented 51.3% and 52.5% respectively of GDP.
The current debt is inclusive of the $3 billion Eurobond issued by the government in March 2019. The finance minister, Ken Ofori-Atta, has however indicated that the Akufo-Addo administration will continue to borrow to build the country.
According to him, it is important for a government who wants its country to grow do the needful to enhance the growth.
Source: YEN
Showing posts with label NDC. Show all posts
Showing posts with label NDC. Show all posts
Tuesday, June 11, 2019
Tuesday, June 4, 2019
Vice Presidential Race: Give Us Manasseh Azure - NDC Foot Soldiers Cry Out
2020 Elections is fast approaching and the best team is likely to win. The New Patriotic Party (NPP) won the 2016 version because of the team they brought out.
Their attackers and defence were on point.
As the campaign time is getting closer, the opposition party in Ghana, National Democratic Congress (NDC) is working behind the scene to get some of the best men to help them wrestle power from the NPP.
According to the information reaching us, some concern members of the NDC are crying to the party executives to try all means and have investigative journalist, Manasseh Azure on board.
According to our Journalist, Kofi Yehowah, Manasseh Azure has been contacted and the party executives are waiting on him.
Now, could it be that Manasseh has accepted the bid? Ah well! We only watch the show.
Now, is Manasseh Azure the right person to get NDC back to power? Let's hear from you in the comments.
Their attackers and defence were on point.
As the campaign time is getting closer, the opposition party in Ghana, National Democratic Congress (NDC) is working behind the scene to get some of the best men to help them wrestle power from the NPP.
According to the information reaching us, some concern members of the NDC are crying to the party executives to try all means and have investigative journalist, Manasseh Azure on board.
According to our Journalist, Kofi Yehowah, Manasseh Azure has been contacted and the party executives are waiting on him.
Now, could it be that Manasseh has accepted the bid? Ah well! We only watch the show.
Now, is Manasseh Azure the right person to get NDC back to power? Let's hear from you in the comments.
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