We have not massaged the figures, Finance Ministry<\/b><\/p>\n Ghana\u2019s debt to reach 83% of GDP by December 2021, Ato Forson<\/p>\n Finance Ministry underrepresenting Ghana\u2019s debt issue, Ato Forson <\/p>\n Deputy Finance Minister, Abena Osei-Asare, has denied claims that Ghana\u2019s debt to GDP ratio is 81% instead of the 79.6% released by government.<\/p>\n According to her, Ghana\u2019s debt-to-GDP ratio is yet to pass the 80% mark as some analysts had projected that Ghana would by the end of 2022.<\/p>\n The minister stated that the debt to GDP ratio currently stands at 79.6% according to provisional reports she has received.<\/p>\n \u201cOur debt to GDP ratio is 79.6 unlike what people are saying about 83 and 84. We have never massaged any numbers. We always present the data as it is and you can always compare,\u201d she said.<\/p>\n She also stated that Ghana\u2019s total debt is reducing, inferring from the levels of borrowing in 2020 and 2021.<\/p>\n \u201cIt is not just the economy expanding, but like I told you, when you look at the levels, we borrowed in 2020 and you compare to 2021, clearly you will see a dip in the levels of borrowing for 2021.<\/p>\n \u201cThis should tell you that right from the beginning of 2021 we set out an agenda to contain our debts. And the IMF even said it that even though our levels of debt has elevated, it is still within sustainable levels,\u201d she said.<\/p>\n Meanwhile, Ranking Member on Parliament\u2019s Finance Committee, Cassiel Ato Forson after government released the status of Ghana\u2019s public debt stated that the Ministry had failed to include some key elements in its calculation, thus under-representing the actual situation on the ground. <\/p>\n He also projected that Ghana\u2019s public debt to reach 83% of GDP by December 2022.<\/p>\n Speaking on JoyNews\u2019 PM Express, he said, \u201cAs of November, the math points to the fact that it was 81% of GDP, yes I\u2019ve heard the Ministry actually [peg] it at 78% of GDP.<\/p>\n \u201cBut it is important for us to note that this excludes the Energy Sector Levies Bond (ESLA) bond. This excludes the Sinohydro money and the GETFund securitization, which we call the Daakye. It excludes them. If you\u2019re to add all of them, you\u2019re talking of 81%,\u201d he said on Wednesday.<\/p>\n He accused the government of underrepresenting Ghana\u2019s debt issue to the public.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Deputy Minister for Finance. Abena Osei-Asare We have not massaged the figures, Finance Ministry Ghana\u2019s debt to reach 83% of GDP by December 2021, Ato Forson Finance Ministry underrepresenting Ghana\u2019s debt issue, Ato Forson Deputy Finance Minister, Abena Osei-Asare, has denied claims that Ghana\u2019s debt to GDP ratio is 81% instead of the 79.6% released […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[4072,1580,1545,4849,1984,4850,4851],"class_list":["post-987040","post","type-post","status-publish","format-standard","category-business","tag-ato","tag-debt","tag-debunks","tag-forson039s","tag-gdp","tag-oseiasare","tag-projection"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/987040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=987040"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/987040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=987040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=987040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=987040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Deputy](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/870\/87002888.295.jpg\" "\\"Deputy")
Deputy Minister for Finance. Abena Osei-Asare<\/span><\/span><\/p>\n<\/div>\n