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Public Debt usage in Ghana


Public Debt usage in Ghana
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The public debt of Ghana is getting to unsustainable proportions, especially as it inches to 80 % of GDP. Consequently, political parties and their communicators are pressured to structure the debts into layers of the rate of accumulation.
The intention of this creation is to communicate to the citizens, the contribution of each party in the accumulation of the entire public debt.
While the purpose of such a strategy may serve a political aim, it does not really account for the usage of the debt capital of the state – the use of public debt. The communication only outlines nominal figures which cannot be relied on to make any critical financial and economic analysis. There should be a standard accounting procedure to account for the use of public debts the state accumulates annually. ....

John Dramani Mahama , Nana Akuffo , Kufour Administration , Nana Akuffo Addo ,