Read Paragraph 831 Of The Budget — Kennedy Nyarko Osei Challenges NDC’s No-Borrowing Claims

The Member of Parliament for Akim Swedru, Hon. Kennedy Nyarko Osei, has challenged claims that the government will finance the 2027 Budget without borrowing, drawing attention to the financing arrangements outlined in paragraph 831 of the Budget Statement.

In a post shared on his official Facebook page on November 13, 2026, the NPP MP stated that the government had projected GH¢17.7 billion in foreign financing and GH¢85 billion in domestic financing for the 2027 financial year. He added the two figures to arrive at approximately GH¢102.7 billion, arguing that those who insist the government will rely solely on internally generated resources should read the relevant section of the budget.

Kennedy Nyarko Osei questioned the claims that the government would not borrow from any source to finance its expenditure. He urged Ghanaians making such arguments to examine paragraph 831 of the Budget Statement to understand the financing arrangements presented by the government.

However, paragraph 831 of the 2027 Budget Statement describes the GH¢17.7 billion foreign financing figure as a net repayment, rather than new borrowing. It separately indicates that domestic financing will amount to GH¢85 billion and will be sourced through the issuance of long- and short-term government securities.

Paragraph 830 also explains that the projected cash deficit of GH¢65.8 billion will be financed from both foreign and domestic sources. The distinction between net foreign repayment and domestic financing is important when interpreting the figures cited by the MP.

His comments have brought attention to the government’s proposed financing arrangements for the 2027 Budget and the debate over whether the administration’s spending plans will depend on borrowing.

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