What did you do with all the billions you borrowed – Ghanaians ask Akufo-Addo

General News on Wednesday, January 30, 2019

Source: mynewsgh.com

2019-01-30

Some Ghanaians in social media have expressed dismay and dissatisfaction with the revelation suggesting that Ghana's public debt now stands at 172.9 billion cedis. They ask the Akufo-Addo government to explain where all the borrowed money was deposited, was filed by MyNewsGh.com.

Many Ghanaians used non-printable languages ​​to describe some key players in the government's finance committee when they learned that between July and November 2018, the country had added 13.2 billion cedis to his debt.

The $ 172 billion figure includes money borrowed from Ghana and money borrowed by investors outside the country.

In November 2018, the total amount the government had borrowed in the domestic market amounted to 86.5 billion cedis, while that borrowed from outside the country rose to 86.3 billion. billion cedis.

The reasons for this rise are not clearly known, but the Bank of Ghana maintains that the figures still reflect the 9.8 billion Cedis bond that the government has issued to support GCB and Consolidated Bank in cleaning up the banking sector.

The current figure of 172.9 billion cedis represents 57.9% of the total value of all goods and services produced in the country (GDP) for 2018.

But in response to the news, some Ghanaians think they need clarity on what exactly the government must show against the borrowed money.

What do they use borrowed money for?

Hahahaha adjeeee tweeeaaaaaaaa are they not the same people who promised not to borrow once elected?

Ghana beyond help … .ayikoooòo …. Am in love with my kentreyyy #

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