GHS173bn debt: ignore the fake projections of the minority – Govt – BusinessGhana News

The government rejected statements by the minority in Parliament that Ghana's public debt would reach 173 billion GH ¢ by the end of December 2018, pushing the debt-to-GDP ratio well beyond threshold of 70 percent. Nkrumah, a deputy minister of information answering the request of the minority said that he should be disappointed.

According to the minority, the public debt of Ghana had inflated to 154 billion GH ¢ against 122 billion GH ¢ in January 2017 – not including the energy obligation of 4.7 billion GH ¢.

Related: Government urged not to raise taxes as it will do Finance Committee chairman and minority spokesman on finance, Cbadiel Ato Forson, said Monday on the occasion of A round table breakfast organized by the Minority Caucus: "In the midst of deliberate misrepresentations about the facts position of the debt, its calculation and justification for the loan, they also claimed to possess the magic to mobilize national resources to finance their election promises.They rejected the loan as "a lazy approach" to economic management and promised a different paradigm. "

" Contrary to these badertions, our public debt has swelled to GH ¢ 154 billion (not including the energy obligation of GHC 4.7 billion) from May 2018 of GH ¢ 122 billion in January 2017 ", he said," it should further progress of GH 3, 8 mill iards – (1.7 billion + 1.4 billion + 0.7 billion) – if the financing plan specified above, the state badets, advance payment of license fees and monetization of royalties mining do not materialize.

The minority also claimed that the government would introduce a series of tax increases during the mid-year budget review. Thursday, by Finance Minister Ken Ofori Atta.

But reacting in a radio interview with Starr FM of Accra Kojo Oppong Nkrumah rejected the claims of the minority by saying that Ghanaians should not pay attention to p Oppong Nkrumah, the government is only looking to expand the tax net and to include other Ghanaians who do not contribute their quota to the nation.

He added that the minority made similar projections. Last year, which turned out to be false and urged Ghanaians to be patient and wait for the Finance Minister's presentation on Thursday.