{"id":218321,"date":"2024-09-17T07:44:06","date_gmt":"2024-09-17T07:44:06","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/17\/mahama-promises-to-ensure-transparency-in-ghanas-debt-management\/"},"modified":"2024-09-17T07:44:06","modified_gmt":"2024-09-17T07:44:06","slug":"mahama-promises-to-ensure-transparency-in-ghanas-debt-management","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/17\/mahama-promises-to-ensure-transparency-in-ghanas-debt-management\/","title":{"rendered":"Mahama promises to ensure transparency in Ghana\u2019s debt management"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>The flagbearer of the National Democratic Congress (NDC) John Dramani Mahama has promised to make the debt management department of the Finance Ministry a separate autonomous department.<\/strong><\/p>\n<p>He says this will form part of his plan to ensure transparency in debt management.<\/p>\n<p>Mr\u00a0 Mahama said this when he addressed a gathering at Dodowa in the Shai-Osudoku constituency as part of his Greater Accra regional campaign on Monday September 16<\/p>\n<p>\u201cThere is no transparency in our debt management. The only time we hear how much we owe as Ghanaians is when the Minister of Finance is reading the budget and tells us what our debt-to-GDP is. NDC is going to change that.<\/p>\n<p>\u201cWe are going to make the debt management department of the Finance Ministry a separate autonomous department. It will be a Debt Management Authority and it will have a head who will be autonomous and he will publish every quarter what our debt-to-GDP numbers are.<\/p>\n<p>\u201cAside from that, we will change parts of the Public Financial Management Act and put a clause there on how much money a Finance Minister can borrow.<\/p>\n<p>\u201cSo, if we agree that we should not borrow more than 60% of GDP, then we will put it in the Public Financial Management Act so that no finance minister can come in future and borrow money as badly  as he wants and leave a debt for the young people who are sitting here,\u201d he stated.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The flagbearer of the National Democratic Congress (NDC) John Dramani Mahama has promised to make the debt management department of the Finance Ministry a separate autonomous department. He says this will form part of his plan to ensure transparency in debt management. Mr\u00a0 Mahama said this when he addressed a gathering at Dodowa in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-218321","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mahama promises to ensure transparency in Ghana\u2019s debt management - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/09\/17\/mahama-promises-to-ensure-transparency-in-ghanas-debt-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mahama promises to ensure transparency in Ghana\u2019s debt management - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The flagbearer of the National Democratic Congress (NDC) John Dramani Mahama has promised to make the debt management department of the Finance Ministry a separate autonomous department. He says this will form part of his plan to ensure transparency in debt management. 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