The NPP Minority alleges that the Mahama-led government borrowed GH¢73 billion in two months, with plans for an additional GH¢6 billion. Dr. Gideon Boako commented on potentially reaching GH¢200 billion in total debt by year’s end and expressed concerns over budget allocations compared to previous years, suggesting fiscal mismanagement.
The Minority in Parliament, represented by the New Patriotic Party (NPP), has asserted that the government led by President Mahama has accumulated a debt of GH¢73 billion within a mere two months following its inauguration on January 7, 2025. Dr. Gideon Boako, the MP for Tano North, reported this during a media briefing related to the Minority’s True Budget Statement at Parliament House. He indicated that the Finance Minister, Dr. Cassiel Ato Forson, is expected to secure an additional GH¢6 billion from the domestic stock market by March 14, thereby increasing the total debt to GH¢79 billion.
In summary, the NPP Minority has raised significant concerns regarding the government’s rapid accumulation of debt, suggesting a potential total of GH¢200 billion by year-end unless addressed. They also highlighted discrepancies in budget allocations, particularly the stark contrast in the funding scales compared to prior years, signaling alarm over fiscal management and strategic claims made by the current administration.
Original Source: www.ghanabusinessnews.com
