The Claim That The NDC Government Has Not Borrowed Externally Is Difficult To Reconcile—PK

According to a Post on PK Sarpong official facebook account on Friday, November 13,2026,Ghanaian social commentator P.K. Sarpong has challenged claims that the National Democratic Congress (NDC) government has not engaged in external borrowing, citing a US$300 million World Bank financing package secured to support the government’s efforts to abolish the double-track system in senior high schools.

In a Facebook post titled “Whispers from the Corridors of the Thinking Place,” Sarpong argued that the reported international financing arrangement contradicts the impression that the Mahama administration has avoided borrowing from external sources.

He maintained that loans obtained from international financial institutions remain external borrowing, irrespective of the institution providing the funds or the specific development project for which the money is intended.

Sarpong cited the World Bank’s approval of the US$300 million facility on June 16, 2026, and Parliament’s subsequent approval of the credit agreement on July 21, 2026.

The financing package is expected to support the expansion of infrastructure in senior high schools and efforts to eliminate the double-track education system.

The commentator also drew attention to President John Dramani Mahama’s announcement that the financing agreement would be submitted to Parliament as an international loan agreement.

For Sarpong, this makes the government’s reported position on external borrowing difficult to understand, questioning why Ghanaians should be given the impression that the administration has not borrowed externally despite the World Bank arrangement.

He argued that the source of the financing does not change its classification, stressing that funds obtained from the World Bank, International Monetary Fund (IMF), African Development Bank or any other international institution must be recognised as external financing.

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