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Just recently, the summary of Economic and Financial Data by the Bank of Ghana revealed that Ghana’s public debt stock shot up from ¢40.1 billion to ¢391.9 billion as of the end of March 2022. This however can also be to attributed to the high cost of living the country is currently facing. Nevertheless, special aide to the Former President of Ghana, Felix Kwakye Ofosu made a bold statement in relation to the data revealed by the Bank Of Ghana. He also made an analysis.
“The Bank of Ghana pegs our National debt at GHS 391 billion.This excludes GHS 18 billion owed by GETFUND,ESLA and Sinohydro which would take our debt to GHS 409 billion as of end of March 2022. That means this government has added GHS 289 billion to our public debt in just five and half years. These figures expose Bawumia’s utter cluelessness having presented himself as a critic of debt accumulation and the wielder of a magic wand to address issues of debt. He is totally hapless in the face of this unsustainable debt incurred by a bungling government”.
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