28/09/2022

Empire News Africa

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Ken Ofori Attah will get richer as Ghana will get poorer; Offended KKD cries out (WATCH)

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I learn a report yesterday that broke my coronary heart. I noticed how Ghana owes. I additionally discovered that apparently, the Minister of Finance’s firm or former firm is a transaction advisor to the monies we borrow. So, as Ghana will get poorer, the Minister of Finance’s firm or former firm will get richer,” he mentioned.

Is that this what we wish to proceed on this nation?” KKD lamented and added that “can we wish to elect folks into workplace, give them their pay and their pegs and permit them and their associates and their corporations or their former corporations to be the very beneficiaries of the woes of our nation?

Ghana’s public debt inventory shot as much as GH¢391.9 billion on the finish of March 2022. In response to information shared by the BoG, Ghana’s public debt inventory on the finish of March 2022 rose by some GH¢40.1 billion to GH¢391.9 billion, information from the Financial institution of Ghana’s Could 2022 Abstract of Financial and Monetary Information confirmed.

This, by way of the nation’s Gross Home Product (GDP), is estimated at 78 per cent, which is barely decrease than the 80.1 p.c earlier recorded in December 2021.

In response to the figures, the rise within the debt inventory was largely attributed to the alternate charge instability and a few borrowings from the home market.