Free songs
Breaking news
Home / News / Total monies borrowed by Prez Akuffo-Addo’s government since January, 2016
Total monies borrowed by Prez  Akuffo-Addo’s government since January, 2016

Total monies borrowed by Prez Akuffo-Addo’s government since January, 2016

The debt of the Ghanaian economy has been increasing continuously from government to government to this current year 2020 but what we want to
find out is how much money has the NPP in power have borrowed since they took over the office of the presidency in 2016.

Ghana’s total debt stock stood at $22.18 billion dollars at the end of the year 2016 which accounted for approximately
61% of our Gross Domestic Product(GDP).

The NPP took over power from the then NDC government in 2016 with a debt of $22.18 billion and then at the end of the year 2019, Ghana’s
debt has skyrocketed to $37.8 billion dollars.

This would bring the NPP’s borrowing to $15.63 billion in the space of 3 years. Comparing these figures to that of the NDC, John Mahama together with late President Mills borrowed about $14.54 billion dollars in 8 years. Ghana’s debt stock was around $7.63 billion dollars in 2008.

The NPP government had claimed to have ventured into numerous developmental projects like one village one dam project, one district one factory,
construction of roads and likes including the free SHS program.

Do you think NPP’s project could justify the amount borrowed? Let us know in the comment section below.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Scroll To Top
× How can I help you?