Finance Minister Cassiel Ato Forson, PhD has explained that the Mahama-led administration has had to borrow to service maturing debts accumulated by the Nana Addo Dankwa Akufo-Addo government.
According to him, the actual debt accumulation under the Mahama government is virtually zero.
“For the avoidance of doubt, net borrowing by the Mahama government, as of today, stands at GHS7.1 billion. This is primarily a buffer for servicing maturing debts accumulated by the NPP/Akufo-Addo/Bawumia government,” he explained.
Adding that “It is instructive to note that actual debt accumulation under the Mahama government is virtually zero”.
He urged the people of Ghana not to fall for propaganda but stay with the John Dramani Mahama-led government to ensure that they deliver on their mandate.
“The prudent public debt management measures adopted by the Mahama government have led to a record-high drop in the 91-day T-Bill rate, from 28.34% to 20.79% in just 50 days—an emphatic vote of confidence in the Ghanaian economy by the investor community. Please ignore the naysayers”.
