News:
November 21, 2018
Ranking member on Finance, Cassiel Ato Forson has said the ruling government’s reckless borrowing had led the Ghanaian economy in a bad shape, when he took his turn to debate the 2019 budget on the floor of the House.
According to him, this has culminated in the situation where currently every Ghanaian now owes over GHS 5,700.
“Within 12 calendar months, this government has added to our public debts by GHS32 billion. Ghana’s public debt is GHS 122.2 billion. If you’re to calculate per capital, then it means that an average Ghanaian, ordinary Ghanaian at the time owes GHS 4, 334.53 million in 2016.
Mr Speaker, as at 2018, according to Ghana Statistical Service, Ghana’s population will be by end of year 29.4 million. Mr Speaker again, Ghana’s public debt has risen from 122.2 billion to GHS 170.8 billion. Mr Speaker it means that in today’s Ghana, every Ghanaian including the new born baby owes GHS 5,798.00. Mr. Speaker, this is unprecedented”, he added.
By: Kwaku Sakyi-Danso/ghanamps.com