Every Ghanaian Owes GH¢10,000 Under Debt Ridden Akufo-Addo – NDC

The opposition National Democratic Congress (NDC) has claimed that the country’s debt under President Akufo-Addo is unprecedented.

Speaking at a press conference, the Communications Officer of the NDC, Sammy Gyamfi noted that the ruling New Patriotic Party (NPP) under Akufo-Addo has incurred an additional GH¢38 billion debts in almost four years.

“In fact, per our current total public debt of GH¢258.8 billion, that is as at June 2020, every Ghanaian in Ghana today is indebted to the tune of about GHS10,000,” Sammy Gyamfi stated.

“Our current debt position is worse than where we were when we joined the HIPC [Highly Indebted Poor Country] debt relief programme in the year 2001, at which time our debt-to-GDP ratio stood at 61%,” he noted.