Audio By Carbonatix
The General Secretary of the New Patriotic Party, John Boadu says in spite of the soaring debt stock of 334 billion Ghana cedis, the New Patriotic Party has done better with managing the county's debt portfolio.
Mr. Boadu was speaking at a press conference in Mfantseman in the Central Region to kick start the training of party communicators in order to equip them with the requisite skills and knowledge to help them effectively communicate government policies and programs that will resonate with the electorate.
He said "all the arguments we get, if you want to use nominal figures, our situation is far better than when the NDC was there, if you want to use debt to GDP ratio, our situation is far better, if you even want to discount to dollar terms, our situation is far better than when NDC was there because before leaving power in 2009, the total debt stock was 9 billion Ghana cedis, at that time the cedi was even stronger than the dollar.

"However, when the NDC was leaving in 2016, the 9 billion cedis total debt had increased to over 120 billion Ghana cedis, that's over 1500 percent".
Mr. John Boadu further added that the impact of Covid-19 on Ghana's debt accumulation cannot be underestimated as government had to incur additional expenditure of 25 billion Ghana cedis on Covid related issues.
''As we speak now our debt stock as a percentage to GDP is 76 percent and it is clearly because in 2020 alone because of Covid, we incurred cost that we were normally not going to incur.
"Expenditure on Covid related items was close to 14 billion Ghana cedis. Revenues that we were expecting from imports and exports because there were lock downs through out the country, through out the world was around 11.9 billion Ghana cedis.
"The combined effect is around 25 billion Ghana cedis in 2020 alone and this is in reference to just central government expenditure on Covid."

He reiterated the need for party communicators to be abreast with facts to enable them counter the misinformation and the propaganda of the National Democratic Congress (NDC).
He urged the communicators to make conscious effort to dispel the misinformation around the E-levy and hinted that projects that will be executed with the E-levy will be labelled for all to see what the monies collected have been used for.
Meanwhile, the training of NPP communicators marks the beginning of a deliberate effort to strengthen and empower the communicators in all the regions to help energize the party's grassroot.
Latest Stories
-
Bank of Ghana introduces new regulatory guidelines for international money transfer companies
18 minutes -
Court remands suspect into custody for attempted murder and causing harm
40 minutes -
Sarkodie, King Promise, Kweku Smoke, others power unforgettable Music Is My Life Concert in Tema
1 hour -
Road sector engineers recommit to shaping Ghana’s future
1 hour -
Kade SHS: 5 remanded after guilty plea in teacher assault case
1 hour -
Ken Ashigbey urges credit for President Mahama’s galamsey fight
2 hours -
Kumasi residents laud street lighting revamp; call for vigilance
2 hours -
Video: President Mahama thanks Presidency staff, urges greater dedication in 2026
2 hours -
WAFCON 2026: Black Queens to know group opponents on January 15
2 hours -
Lack of prosecutions a major hindrance in galamsey fight – Ken Ashigbey
2 hours -
At least 22 Ethiopian migrants killed in lorry crash
2 hours -
Politics must not undermine gold sector reforms – Lands and Mines Watch Ghana
2 hours -
Sexual reproductive health rights project impacts 200,000 people in two regions
2 hours -
NPP does not need Mahama to fail to return to power – Bawumia’s political aide
2 hours -
Pre-2023 vehicle registrations must return to DVLA for digital record updates – DVLA
3 hours
