Over 500 SHSs projects completed —Govt modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
“The total public debt has increased from GHS122 billion, which is 69% of GDP to GHS291.6 billion, which is 76.1% of GDP, as of the end of December 2020,” says the Caretaker Finance Minister, Osei Kyei Mensah-Bonsu
The Majority leader who was standing in for Finance Minister-designate, Ken Ofori Atta, presenting the 2021 budget statement in Parliament blamed the increase in the debt stock on non-recurrent burdens.
According to him,
the debt stock and the debt to GDP ratio are the following non-recurrent burdens that we had to deal with as a matter of urgency; the physical impact of COVID-19, which is GHS19.7 billion, the cost of the financial sector clean-up, which is GHS21 billion, and the cost of excess capacity charges paid to IPPs, which is also GHS12 billion.”
2021 BUDGET: Ghana s Debt Stock Hit GHS291 6 Billion | Economy peacefmonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peacefmonline.com Daily Mail and Mail on Sunday newspapers.
Minority leader Haruna Iddrisu has slammed President Akufo-Addo for not telling Ghanaians the country rsquo;s current debt stock in his first State of the Nation rsquo;s Address (SoNA) of his second term delivered on Tuesday, 9 March 2021 before Parliament.