News:
October 26, 2018
Member of the Finance Committee and Member of Parliament (MP) for Suhum, Fredrick Opare-Ansah has said the current government then in opposition had basis to complain of the unbridle borrowing of the former National Democratic Congress (NDC) administration.
According to the Suhum legislator when the President Nana Akufo-Addo administration assumed office, the debt to Gross Domestic Product (GDP) was hovering around seventy three (73) to seventy-four (74) percent.
“This was clearly above the redline, as you would have seen from the 2018 budget, but the time the Finance Minister Ken Ofori Atta came back we have managed to bring it down to sixty-eight (68) percent”, he pointed out in an interview.
He further added that this allows the current government room for borrowing and also added that any time the Finance committee considers borrowing, the sector Minister is questioned if Ghana would not go above the threshold and his answer is in the negative.
“The statistics would be seen when the Finance Minister presents the budget for 2019”.
By: Kwaku Sakyi-Danso/ghanamps.com