Audio By Carbonatix
The Communication Officer of the NDC, Sammy Gyamfi says every Ghanaian would have to pay ¢10,000 to settle the debt incurred by the country in the Akufo-Addo-led administration.
At the party's Weekly Press Briefing on Wednesday, he urged the electorates to "ignore government's deceptive semantics about Ghana's catastrophic debt position."
According to him, the NDC would reveal all the lies of the Akufo-Addo administration and set the record straight.
Mr Gyamfi noted that the current never-ending borrowing by government has worsened the national debt per person ratio.
"Per our current total public debt of ¢258.8 billion as at June 2020...every Ghanaian in Ghana today is indebted to the tune of about ¢10,000," he stated.
He explained that the unprecedented borrowing by the Akufo-Addo-led government has never been recorded in the history of Ghana.
"President Akufo-Addo has added more debt; a whopping ¢138 billion and still counting to Ghana's public debt in only three and half years, far more than any government has done in the history of this country, and far more than all successive governments since independence," Mr Gyamfi said.
Mr Gyamfi said even with a Heavily Indebted Poor Country (HIPC) status in 2001, the debt-to-GDP ratio of 61% cannot be compared to the current debt ratio held by the country.
"Indeed, our current debt position is worse than where we were when we joined the HIPC debt relief program in the year 2001, at which time our debt to GDP ratio stood at 61%.
"As a matter of fact, our debt position this year is the worst ever in the history of our Fourth republican democracy," he further added.
According to him, the government has been unable to show "any significant or self-financing projects that their unprecedented borrowings have been used for."
Latest Stories
-
Ghana courts Canadian investors at 2026 Global Energy Summit
3 minutes -
AGI partners Danish industries to advance value chain sustainability
8 minutes -
Missing UCC student found dead as police launch investigations
10 minutes -
Aflao border plunged into darkness, exposing travellers to attacks – Union Secretary
14 minutes -
ECOWAS unites on minerals, industrialisation to power AfCFTA
19 minutes -
Oti House of Chiefs to unveil 7-member committee on Nkwanta South conflict
24 minutes -
Be advocates of modern parenting – Adaklu DCE
49 minutes -
Ketu North MCE advocates agricultural mechanisation to boost productivity
50 minutes -
The Thomas Partey Case: Presumption of innocence, sovereignty and the World Cup
55 minutes -
Parents urged not to give away children due to poverty
59 minutes -
Konongo crash leaves multiple injured
1 hour -
Book Launch: Political Economy of Institutionalising Monitoring & Evaluation Practice in Africa
1 hour -
Residents protest destruction of sacred Dodowa Forest for interim market
1 hour -
New York Knicks win NBA championship for first time in over 50 years
2 hours -
Panic as body of 67-year-old woman is stolen from Adevukope cemetery
2 hours