The GH¢742 Billion National Debt: How we got here; what the data shows

Read Article

Comments (86)

This article is closed for comments.

Read Comments Comments (86)

Ghanaweb 1 year ago

Nonsense and stupid analysis

Nonsense and stupid analysis
Unpredictable Oye Onye Kwasi Atta 1 year ago

Waw. What a debt. So where are the corresponding projects for justifying it. What is more irritating is that they will send their idiotically idiots to be defending this obvious indefensible

Waw. What a debt. So where are the corresponding projects for justifying it. What is more irritating is that they will send their idiotically idiots to be defending this obvious indefensible
Ka Na Wu 1 year ago

We have been duped! These Ashanti/Akyem Mafias should be roasted and their balls used for kyikyinga. Where have they stashed all the money? We need to find out

We have been duped! These Ashanti/Akyem Mafias should be roasted and their balls used for kyikyinga. Where have they stashed all the money? We need to find out
Mr Bob 1 year ago

Just imagine JDM had all these loans where Ghana would have been

Just imagine JDM had all these loans where Ghana would have been
FRANKIE 1 year ago

Oh my big brother Mr. Bob, say that again oooo! Can you imagine where Ghana would have been if JDM, the nation builder, the real McCoy had this amount of money at his disposal!
We have been scammed big time by these Sakawa m ...
read full comment

Oh my big brother Mr. Bob, say that again oooo! Can you imagine where Ghana would have been if JDM, the nation builder, the real McCoy had this amount of money at his disposal!
We have been scammed big time by these Sakawa mafia rascals, these accomplished and seasoned organized career criminals parading as politicians.
Sad truth is that the idiotic tribalistic and xenophobic bigots supporting this criminal cartel will come and defend this naked and blatant thievery.
I say eh....... The number of people who will vote for Bawumia/Napo will determine the number of lunatics we have in Ghana.
DotCom 1 year ago

We need to fight very hard to bring these thieves to justice. I hope Mahama is listening.

We need to fight very hard to bring these thieves to justice. I hope Mahama is listening.
OSABARIMA MENSA 1 year ago

The corrupt and incompetent one, Mills experiment which went horribly wrong, will never occupy our JUBILEE HOUSE ever again. He has stashed half of our cumulative debt in Dubai bank accounts and real estate.

The corrupt and incompetent one, Mills experiment which went horribly wrong, will never occupy our JUBILEE HOUSE ever again. He has stashed half of our cumulative debt in Dubai bank accounts and real estate.
DMB(Don't Mind Bawumia ) 1 year ago

You sound foolishly like your stupid father. Oguan

You sound foolishly like your stupid father. Oguan
KOOH 1 year ago

WHAT DID MAHAMA DO WITH THOSE LOANS HE WENT FOR? WITH NPP WE ARE WITNESSING AND ALL BENEFITTING FROMFREE SHS.

WHAT DID MAHAMA DO WITH THOSE LOANS HE WENT FOR? WITH NPP WE ARE WITNESSING AND ALL BENEFITTING FROMFREE SHS.
Kofi BA 1 year ago

John Mahama would be competing with the Bill Gates for the world's richest people

John Mahama would be competing with the Bill Gates for the world's richest people
Roni Quaye 1 year ago

No, we should put red hot iron into the anuses of Akuffo Addo and Ofori Atta. They belong to hell here on earth. They are evil men. They have threatened our survival as a people with unspeakable greed

No, we should put red hot iron into the anuses of Akuffo Addo and Ofori Atta. They belong to hell here on earth. They are evil men. They have threatened our survival as a people with unspeakable greed
SQUARED PEGS IN ROUND HOLES 1 year ago

SO WHERE DID THEY KEEP THE MONEY? BECAUSE WE HAVEN'T SEEN ANY CORRESPONDING DEVELOPMENT. OR THEY SENT THE MONEY TO UKRAINE TO HELP WITH THE UKRAINE-RUSSIA WAR?

SO WHERE DID THEY KEEP THE MONEY? BECAUSE WE HAVEN'T SEEN ANY CORRESPONDING DEVELOPMENT. OR THEY SENT THE MONEY TO UKRAINE TO HELP WITH THE UKRAINE-RUSSIA WAR?
SAEED OSMAN 1 year ago

Nana Addo, came to power on the promise that our debt stock was to high, that he has assemble the best economic brains in the country to ensure that our debt comes down to half of the 122 billion he inherited. What is he sayi ...
read full comment

Nana Addo, came to power on the promise that our debt stock was to high, that he has assemble the best economic brains in the country to ensure that our debt comes down to half of the 122 billion he inherited. What is he saying now? He and is gangsters are laughing all the way to the bank.
Everything he said was scam. MAY YOU AND YOUR CRIMINAL GANG ROT BEFORE YOU DIE. THIEVES.
Sam 1 year ago

Yes if you dont have the brains to catch a mischievous analyst or a lesser endowed brain to do a comparative analysis; yes you will feel duped.
Loans were borrowed in dollar amounts and paid back with dollars. Cedi rates hav ...
read full comment

Yes if you dont have the brains to catch a mischievous analyst or a lesser endowed brain to do a comparative analysis; yes you will feel duped.
Loans were borrowed in dollar amounts and paid back with dollars. Cedi rates have nothing with the borrowing and paying back of it but this analyst wants to mask the true amounts borrowed by interchanging the use of the currencies in a whimsical way
Ghanas cummulative debt was$34.6 billion in 2016
Ghanas debt in 2023 was $45 billion so why is the debt by Nana Addo higher than JDM.
Mr Analyst, can you explain why
FRANKIE 1 year ago

Na who supervised the depreciation of the cedi under AKUFFO ADDO? Have you so soon forgotten Bawumia's famous line - "If the fundamentals of the economy are weak the exchange rate will expose you?"

Na who supervised the depreciation of the cedi under AKUFFO ADDO? Have you so soon forgotten Bawumia's famous line - "If the fundamentals of the economy are weak the exchange rate will expose you?"
OSABARIMA MENSA 1 year ago

Do you realise that this is the cumulative debt from Kwame Nkrumah to the present government? If you thought this is the debt accumulated by the present government, then you're more IDIOTIC than your so-called idiots. Gyimii ...
read full comment

Do you realise that this is the cumulative debt from Kwame Nkrumah to the present government? If you thought this is the debt accumulated by the present government, then you're more IDIOTIC than your so-called idiots. Gyimii saa!
J0eY l0nD0N 1 year ago

Something really wrong with your heads , seriously.

Mills and JDM borrowing index are there for all to see, even your Wofa Kuffour shouldn't have left any debts at all for Ghanaians after taking us to hipc.

Think about ...
read full comment

Something really wrong with your heads , seriously.

Mills and JDM borrowing index are there for all to see, even your Wofa Kuffour shouldn't have left any debts at all for Ghanaians after taking us to hipc.

Think about the cedis to dollar rates, when your Wofa Addo was voted into office the amounts of resources at his administration disposal shoukd all be added into accounts, and tell us the answer?
It's all corruption, nepotism,wickedness and incompetence that defines his administration.

How much is a cost of a brand new (year of construction 2024) Mercedes ambulance per unit?

It's not even up to $101,000 to acquire a brand new fully equipped Mercedes ambulance , yet under his watch he is spending over $130.000 US dollars on spare parts on a single ambulance.

Are you telling us this is normal or sheer wickedness?

Cheers!
osaberima manesah 1 year ago

Wish to hold you animal in my hands, aboabi ni ba tsi d3 awo, wo ni twaasidi. Because you are feeding on the tax payers money, you are on every article here to distract people opinion. How can you be such a fool for not think ...
read full comment

Wish to hold you animal in my hands, aboabi ni ba tsi d3 awo, wo ni twaasidi. Because you are feeding on the tax payers money, you are on every article here to distract people opinion. How can you be such a fool for not thinking about your country for Just a bit? If you are a dead thing who doesnt see nor hear then ofui, get out of here. The writer is talking about dept accumulated by all government and that of your stupid, dead headed, aimless, idiot and handicap akofo adoo/ bawulairmia governance and you say what? Check your mentors bept record and think of the unborn generation a bit, sheep.
OSABARIMA MENSA 1 year ago

Mahama's MUGU. Gyimii saa!

Mahama's MUGU. Gyimii saa!
they say they say 1 year ago

Go eat some more grass. It seems you are not full yet

Go eat some more grass. It seems you are not full yet
Bombastic 1 year ago

Defending every nonsense, wo na wo gyime saaa

Defending every nonsense, wo na wo gyime saaa
John B 1 year ago

Osabarima Mensah, please don't fully yourself, there's no debt from Osagyefo Dr.Kwame Nkrumah time to JJ Rawlings time. Remember Ghanaian went to Hipic during Mr.Kufour presidency, and Remember again all Ghanaian debt was for ...
read full comment

Osabarima Mensah, please don't fully yourself, there's no debt from Osagyefo Dr.Kwame Nkrumah time to JJ Rawlings time. Remember Ghanaian went to Hipic during Mr.Kufour presidency, and Remember again all Ghanaian debt was forgiven during the Hipic. The politicians are playing our lives with their own interests and their families happiness, after Ghana debt cancelation and debt forgiveness still Mr.Kufuor left our beloved country a huge debt, the reason why he changed our old currency to the new currency that we are using now, and said the value is the same because he doesn't want Ghanaian know that he left our great nation Ghana a huge debt .
Expensive Freebies 1 year ago

Ghanaians should know that they have been scammed and messed up.
The SHS graduates, their parents, and Ghanains should now know that free is more expensive than ideal.

Ghanaians should know that they have been scammed and messed up.
The SHS graduates, their parents, and Ghanains should now know that free is more expensive than ideal.
Common Sense Ghanaian 1 year ago

They have to hang Akuffo Addo and his economic/financial team. They are demons masquerading as human beings

They have to hang Akuffo Addo and his economic/financial team. They are demons masquerading as human beings
OSABARIMA MENSA 1 year ago

Ignorant twits commenting on issues beyond their pay grades. Gyimii saa!

Ignorant twits commenting on issues beyond their pay grades. Gyimii saa!
ZEE 1 year ago

I am gay. I'd like to f*uck your ass hole for defending them before I f*uck Akuffo Addo and his team of bandits one by one

I am gay. I'd like to f*uck your ass hole for defending them before I f*uck Akuffo Addo and his team of bandits one by one
AKUFFO ADDO - ONE IDIOT AGAINST A NATION 1 year ago

@Osabarima Mensah gyimifuor kromfuor ba...!!!!!!!! Can you see how your SMELLY KYEBI COW DUNG...NANA AKUFFO ADDO has totally shredded this beautiful country?? I tell you.... Akuffo -Addo's father saw the academic hopelessness ...
read full comment

@Osabarima Mensah gyimifuor kromfuor ba...!!!!!!!! Can you see how your SMELLY KYEBI COW DUNG...NANA AKUFFO ADDO has totally shredded this beautiful country?? I tell you.... Akuffo -Addo's father saw the academic hopelessness in his son very early, that is why he didn't worry himself at all with his education. He simply walked him on foot from Swalaba, straight to the Kinbu Government School near Tudu (the ROYAL DEN & Headquarters for WEE SMOKERS in Ghana), and left him there! The very next year at Kinbu, our stupid and demented chimpanzee Nana Akuffo Addo suddenly became a heavily addicted wee smoker, causing him to fail his exams so miserably at Legon with a shameful 3rd class certificate in 1968. As for the UK, he was sacked from all the three schools that he attended for non-performance. That is how Akuffo Addo ended up becoming AN APPRENTICE LAWYER...!!!!!!!!
SAEED OSMAN 1 year ago

Osabrima Mensah, please don't mind them, just go and take your medication and have some rest.

Osabrima Mensah, please don't mind them, just go and take your medication and have some rest.
EYES AND EARS 1 year ago

They should be made to face the firing squad whenever a coup happens in this country. They should belong to the same place as Adolf Hitler in human history

They should be made to face the firing squad whenever a coup happens in this country. They should belong to the same place as Adolf Hitler in human history
Bawuliar 1 year ago

Woaa look. NPP never again.

Woaa look. NPP never again.
MOB 1 year ago

*****THIS SHOULD BE PASTED ON BILLBOARDS FOR PEOPLE TO SEE HOW LAZY THIS NPP GOVERNMENT IS. YOU TAKE LOANS FOR GOVERNMENT PROJECTS, THEN SPREAD THE LOANS FOR THE PEOPLE TO PAY AS TAXES . YOU CALL THIS GOVERNMENT. EVEN A DOG ...
read full comment

*****THIS SHOULD BE PASTED ON BILLBOARDS FOR PEOPLE TO SEE HOW LAZY THIS NPP GOVERNMENT IS. YOU TAKE LOANS FOR GOVERNMENT PROJECTS, THEN SPREAD THE LOANS FOR THE PEOPLE TO PAY AS TAXES . YOU CALL THIS GOVERNMENT. EVEN A DOG WELL CAN PERFORM BETTER THAN THESE ARROGANT BASTARDS. THIS DATA CLEARLY SHOWS THEY DON'T CARE ABOUT THE PEOPLE THEY CAME TO ENRICH THEMSELVES WITH CONTACT FROM THE LOANS THEY TOOK.
kofi asante 1 year ago

AKOFU SHOULD BE HANG WITH HIS FAMILY SO THAT THEY WILL NOT ENJOY THE LOTTING

AKOFU SHOULD BE HANG WITH HIS FAMILY SO THAT THEY WILL NOT ENJOY THE LOTTING
Jimmy 1 year ago

real debate topic, debt accumulation, exchange rate, food inflation, Petro prices, etc

real debate topic, debt accumulation, exchange rate, food inflation, Petro prices, etc
NY 1 year ago

Ghanaweb, should kindly give this the breakdown in dollar’s as per the borrowings of each leader and Ghanaians will be amassed by how much in dollar’s John mahama added to the state debt within just four years as compared ...
read full comment

Ghanaweb, should kindly give this the breakdown in dollar’s as per the borrowings of each leader and Ghanaians will be amassed by how much in dollar’s John mahama added to the state debt within just four years as compared to the other leaders in eight years.
NY 1 year ago

Ghanaweb, should kindly give this breakdown in dollar’s as per the borrowings of each leader and Ghanaians will be amassed by how much in dollar’s John mahama added to the state debt within just four years as compared to ...
read full comment

Ghanaweb, should kindly give this breakdown in dollar’s as per the borrowings of each leader and Ghanaians will be amassed by how much in dollar’s John mahama added to the state debt within just four years as compared to the other leaders in eight years.
J0eY l0nD0N 1 year ago

Something really wrong with your heads , seriously.

Mills and JDM borrowing index are there for all to see, even your wofa Kuffour shouldn't have left any debts at all for Ghanaians after taking us to hipc.

Think abou ...
read full comment

Something really wrong with your heads , seriously.

Mills and JDM borrowing index are there for all to see, even your wofa Kuffour shouldn't have left any debts at all for Ghanaians after taking us to hipc.

Think about the cedis to dollar rate, when your wofa Addo was voted into office the amount of resources at hus administration disposal shoukd all be added into accounts and tell us the answer, corruption, nepotism,wickedness and incompetence defines his administration.

How much is a cost of a brand new (year of construction 2024) Mercedes ambulance per unit?

It's not even up to $101,000 to acquire a brand new fully equipped Mercedes ambulance , yet under his watch he is spending over $130.000 us dollars on spare parts for a single ambulance.

Are you telling us this normal or sheer wickedness?

Cheers!
Sam 1 year ago

JDM debt as at december 2016 is $35billion
This amount is converted to 525billion cedis today and it is that amount swelling the debt. Where did you guys go to school.

JDM debt as at december 2016 is $35billion
This amount is converted to 525billion cedis today and it is that amount swelling the debt. Where did you guys go to school.
J0eY l0nD0N 1 year ago

No wonder you are taking shower inside your cathedral pits holes of hell.

Ofui

No wonder you are taking shower inside your cathedral pits holes of hell.

Ofui
Yaw wontumi 1 year ago

@NY GYIMIFUO BAHAMAS TOTAL DEBT IS THERE FOR YOU TO SEE EXCEPT YOU ARE A FOOL OR IDIOT ILLITERATE WHO CAN’T READ OR ONE OF THE STUPIDLY PROGRAMMED NPPIGS FOOL SOLDIERS TO FUNCTION KWASIANPANYIN BA GYIMIFUO GO AND ASK MUTUMB ...
read full comment

@NY GYIMIFUO BAHAMAS TOTAL DEBT IS THERE FOR YOU TO SEE EXCEPT YOU ARE A FOOL OR IDIOT ILLITERATE WHO CAN’T READ OR ONE OF THE STUPIDLY PROGRAMMED NPPIGS FOOL SOLDIERS TO FUNCTION KWASIANPANYIN BA GYIMIFUO GO AND ASK MUTUMBANSA BAWULIAR WALEWALE ADAMS SMITH TO GIVE YOU THE BREAKDOWN OFUI BI BA NANTWIE
God 1st 1 year ago

We have the men ... mumu government.

We have the men ... mumu government.
Musa 1 year ago

So this is how the debt jetted steeply into the sky from 2016??? Am not surprised at all bcos these people know how to lie a lot.

So this is how the debt jetted steeply into the sky from 2016??? Am not surprised at all bcos these people know how to lie a lot.
Ghanaweb gaslight 1 year ago

Horribly misleading analysis without enough detail.

Horribly misleading analysis without enough detail.
Logarithm 1 year ago

Bring those details you want to see... you wretched, stupid, bloody son of a filthy deity smeared with faeces!

Bring those details you want to see... you wretched, stupid, bloody son of a filthy deity smeared with faeces!
Ayeebo 1 year ago

Our collective survival is at stake if we dont act now to violently remove these hardened criminals from power

Our collective survival is at stake if we dont act now to violently remove these hardened criminals from power
Nirah 1 year ago

Mahama in his 4years term incurred 26.3 billion debt with at least the Accra Regional Hospital and Kwame Nkrumah Interchange(circle overhead or ghana dubia) to show for it tho they kept some for themselves but in Nana Addo Da ...
read full comment

Mahama in his 4years term incurred 26.3 billion debt with at least the Accra Regional Hospital and Kwame Nkrumah Interchange(circle overhead or ghana dubia) to show for it tho they kept some for themselves but in Nana Addo Dankwah Akuffo Addo's term of 8years 620 billon debt with free shs and whatelse to show for it.Infact Ghana has really failed woefully as a country in terms of development and employment and really needs a leader who has the country's development first on his priority list.
Nirah 1 year ago

Mahama's debt was 122 billion

Mahama's debt was 122 billion
J0eY l0nD0N 1 year ago

You are a big fat liar, you are even incompetent in lying.

Read through the article or you can independently research the topic for your own good.

Say cheese

You are a big fat liar, you are even incompetent in lying.

Read through the article or you can independently research the topic for your own good.

Say cheese
Sam 1 year ago

How much is the $35 billion JDM debt in todays cedi rate. Are you saying that we can go and pay JDMs debt now with a mere 122b cedis? Can that pay for the debt he left behind of $35 billion?

How much is the $35 billion JDM debt in todays cedi rate. Are you saying that we can go and pay JDMs debt now with a mere 122b cedis? Can that pay for the debt he left behind of $35 billion?
J0eY l0nD0N 1 year ago

We are not here to play games right?

Go to your incapacitated platforms and spread your nuisances there okay?

How much have your useless government borrowed from 2017 to date?

Tell us, if you can't read or you are hi ...
read full comment

We are not here to play games right?

Go to your incapacitated platforms and spread your nuisances there okay?

How much have your useless government borrowed from 2017 to date?

Tell us, if you can't read or you are high on your supply, I suggest yoj take a shower inside your cathedral pit holes of hell.

Ofui
Raydeli 1 year ago

If you are using Dollar to do you analysi, kindly do so. But you can't you Dollar and its equivalent in cedis in one's regime whiles use only cedis calculation during the mills and mahama era. Be fair and do proper analysis

If you are using Dollar to do you analysi, kindly do so. But you can't you Dollar and its equivalent in cedis in one's regime whiles use only cedis calculation during the mills and mahama era. Be fair and do proper analysis
Nirah 1 year ago

@Raydeli
Sorry it was miscalculated,no intention of been bais.

@Raydeli
Sorry it was miscalculated,no intention of been bais.
Nirah 1 year ago

Eiiiii from 3.5 billon in Nkrumah's term to 742 billon in Akuffo Addo's term with no proper infastructures,schools,hospitals,roads,hospital materials,school feeding programs and no proper jobs.By the time we get developed wel ...
read full comment

Eiiiii from 3.5 billon in Nkrumah's term to 742 billon in Akuffo Addo's term with no proper infastructures,schools,hospitals,roads,hospital materials,school feeding programs and no proper jobs.By the time we get developed well with all this social amenities,we will be owning like 500 trillion.The ignorant ones will use this for political statistics forgetting that if things are not done right,we will all suffer.Hmmm God bless our homeland Ghana nu ay3 beans.
Vote for Change for Proper ACCOUNTABILITY; they are keeping the monies 1 year ago

This is Crazy! What has Akufo Addo used this homogenous amount to do when even the FSHS students can't be fed properly? Family and friends looting gang @ Julorbi!

This is Crazy! What has Akufo Addo used this homogenous amount to do when even the FSHS students can't be fed properly? Family and friends looting gang @ Julorbi!
SPYROGIRA 1 year ago

Out of this bamboozling amount, he has used ONLY a TINY PORTION of Ghc11 billion (Eleven billion cedis) to run his gyimigyimi, shambolic and kwashiorkor Free SHS. He keeps making noise with that Free SHS simply because he kno ...
read full comment

Out of this bamboozling amount, he has used ONLY a TINY PORTION of Ghc11 billion (Eleven billion cedis) to run his gyimigyimi, shambolic and kwashiorkor Free SHS. He keeps making noise with that Free SHS simply because he knows he and his gangster colleagues are heavily and quietly siphoning all our state monies dry...!!!!!!!!!
Bastie Asantefournyinaahene 1 year ago

Addo showboy, Addo guy guy!. Ghanaians shouldn't make the mistake by voting for NAPO/BAWUMIAH. This will emboldened Kwasia tutu II, Kumasihene to control Ghana. Remember the interior ministry, including the police service wou ...
read full comment

Addo showboy, Addo guy guy!. Ghanaians shouldn't make the mistake by voting for NAPO/BAWUMIAH. This will emboldened Kwasia tutu II, Kumasihene to control Ghana. Remember the interior ministry, including the police service would be under NAPO. Asantehene will intimidate especially Bonos, at will.

If you're from Bono, you better find another alternative this time around to vote for. NPP is for Asantehene. Justin Koduah , appearing at manhyia said, he would chose his ashanti tribe over the NPP.

Why would you as a Bono chose your party over your tribe?. This election is purely tribal. Asantehene has an agenda against Bonolands. Sampa in Bono is under a curfew now.

Takyiman -Tuobodom, Takyiman Tanoso, Offuman , Buoyem and now Fiapre all on Bono lands are on fire because of Asantehene. These things only escalates when the NPP are at the helm of national affairs. Kwaku Bonsoma Duah, Asantehene feels emboldened to attack Bonos.

NPP is assisting him through the courts and the security services to fight Bonos.
What development has the NPP brought to you BONOS?

There's not a single interchange, no teaching hospitals, no good roads as compared to what they're doing for their Asantes.

Aren't you a part of GHANA? Are the Bono regions not equally resourceful , if not more endowed than Asante?

Do you have a Boankra inland port? Is your Sunyani airport really fit for purpose, is the terminal like Prempeh I airport?

Do you Bonos have good roads, like we see being constructed and concentrated only in Ashanti? Do you have a single teaching hospital in both regions?

Has the national security sent Police to Offinso or any other place in Ashanti and placed them under curfew like they've done in Bono?
Has the courts been favorable to you and your chiefs?
Don't vote for the NPP.

They will only do the bidding of Asantehene through NAPO and the lapdog Bawumiah. Change your vote this year. When they learn to value us, then we would reconsider.

For those of you especially, Bonos abroad, educate and inform your relatives and friends both abroad and Ghana not to vote for the NPP.
kodjo 1 year ago

From this analysis, it shows none of these Regimes tried to lower our debts. We need a government that will tackle these debts instead of "lip services". Ghana needs to be serious about their elections for the coming governme ...
read full comment

From this analysis, it shows none of these Regimes tried to lower our debts. We need a government that will tackle these debts instead of "lip services". Ghana needs to be serious about their elections for the coming government.
Pelicles 1 year ago

Kodjo, you are right but remember that for any government to embark on development, the first option is to introduce taxes, and are Ghanaians ready to pay those taxes? Look at what is going on in Kenya.

When the finance m ...
read full comment

Kodjo, you are right but remember that for any government to embark on development, the first option is to introduce taxes, and are Ghanaians ready to pay those taxes? Look at what is going on in Kenya.

When the finance minister read the budget the other day, NDC was expecting him to abolish so many taxes and the question that comes to mind is how the government will embark on development.

These are some of the reasons they go for loans, but the ignorant Ghanaian will not think twice but spit stupidity and make silly criticisms as if.
Scarramucchi 1 year ago

When at all will you stop behaving like an animal, @Pelicles?? Are you fvcking saying that our overstretched Ghanaians are not paying the taxes that your demons in power have piled up on them?? Why should we be paying those ...
read full comment

When at all will you stop behaving like an animal, @Pelicles?? Are you fvcking saying that our overstretched Ghanaians are not paying the taxes that your demons in power have piled up on them?? Why should we be paying those heavy taxes, only for your lunatic chimpanzee president to go about using it to hire expensive and luxurious private jets to go up in the sky to shower and fornicate with Serwah Broni...????? Mmoasem.........
Pelicles 1 year ago

When the debate is lost, insults become the loser's tool, says Socrates, and he was right. What stops you from making your point without the usual uncontrolled insults?

Did you criticize Mahama for giving $7million to Trac ...
read full comment

When the debate is lost, insults become the loser's tool, says Socrates, and he was right. What stops you from making your point without the usual uncontrolled insults?

Did you criticize Mahama for giving $7million to Tracy Boakye and where did that money come from?
OGyam 1 year ago

@Pelicles, you would not recognise the word "Debate" even if it is stuck on your nose. You have two distinctive traits that sums your idiocy up: your fanatical support for anything NPP and your visceral hatred for anything Nk ...
read full comment

@Pelicles, you would not recognise the word "Debate" even if it is stuck on your nose. You have two distinctive traits that sums your idiocy up: your fanatical support for anything NPP and your visceral hatred for anything Nkrumah or Mahama. Come back with your usual "feral nonsense" and let me knock a fistful of sense into your
vacant head. The good news is, discerning readers can always spot the gross stupidity of you and your equally brainless pal Stephen Kwaseato Donkor!
OGyam 1 year ago

@Pelicles, the brainless twit who thinks Akufo Addo's fart is some kind of frankincense will never, ever use his head for anything meaningful. And, the same goes with his Idols. Now, Idiotic Pelicles, for once, use your vacan ...
read full comment

@Pelicles, the brainless twit who thinks Akufo Addo's fart is some kind of frankincense will never, ever use his head for anything meaningful. And, the same goes with his Idols. Now, Idiotic Pelicles, for once, use your vacant head and Google the sort of salaries that Kenya useless MPs and ministers receive. After that, compare it with the average income of the ordinary Kenyan. Sadly, you do not have the thinking capabilities to do any coherent analysis apart from displaying your usual idiocy to the world at large on daily basis. Crikey! Where in God's name did you grow up, on top of a tree or what?
Yaw wontumi 1 year ago

P
@pelicles you miss the point big time and I wouldn’t want to say you’re ignorant of what’s going on with our taxes either you refuse to learn or you’re blatantly stupid and let me tell you why you’re stupid and n ...
read full comment

P
@pelicles you miss the point big time and I wouldn’t want to say you’re ignorant of what’s going on with our taxes either you refuse to learn or you’re blatantly stupid and let me tell you why you’re stupid and not reasoning as human
Look maybe you don’t pay tax so you can easily get up and say any nonsense at all how can we pay taxes a CHIMP LIKE akufo addo will use it to bath in the sky ? You expect us to pay taxes and a sanitation minister will keep it in her house ? How can we pay taxes and allow a few people to enjoy and throw the carcass to stupid people like you who are STUPIDLY PROGRAMMED TO FUNCTION? Go back and read the full story of only you can read
ELECTRIC FENCE AND CAMERAS. 1 year ago

We DESIGN and BUILD QUALITY Websites such as:
- Business / cooperate websites
- eCommerce/Online store Websites
- Education/NGO/Church Websites
- News/Blog/Media Websites
PRICE: 1,500gh. Call/WhatsApp. 0501796870 for mo ...
read full comment

We DESIGN and BUILD QUALITY Websites such as:
- Business / cooperate websites
- eCommerce/Online store Websites
- Education/NGO/Church Websites
- News/Blog/Media Websites
PRICE: 1,500gh. Call/WhatsApp. 0501796870 for more info. ghhgjhj
Jim 1 year ago

How did we get here? We got here because of the incompetence, corruption and selfishness of our leaders. With the exception of Nkrumah, those who have come after him have been at the helm of affairs for themselves and their c ...
read full comment

How did we get here? We got here because of the incompetence, corruption and selfishness of our leaders. With the exception of Nkrumah, those who have come after him have been at the helm of affairs for themselves and their cronies. After HIPPIC, you would think Ghana would be on a better path to achieve some economic stability. Unfortunately, Kuffour's incompetence and corruption wiped off any benefit we got from HIPPIC. Rawlings came and shot people on presumed corruption. He ended up corrupt and his family is now enjoying his loot. Akkufo-Addo is the worst of them all from the statistics. So it is ironical Bawumia and Mahama are vying for the presidency to continue with this shameful legacy. Our politicians have been scoundrels and looters with impunity, and that is why we are in this mess. Akkufo-Addo has succeeded in making corruption part and parcel of Ghanaians daily lives, and with this economic figures, only God can save us.
snd 1 year ago

We got here because of tribalism and gullibility of Ghanaians who easily bought into the lies of this useless corrupt party. Today, tbeir supporters are one suffering more. Go to Abboso Kai or Suame and listening to their sup ...
read full comment

We got here because of tribalism and gullibility of Ghanaians who easily bought into the lies of this useless corrupt party. Today, tbeir supporters are one suffering more. Go to Abboso Kai or Suame and listening to their supporters whose businesses are near or almost collapse. Next time tow tribal line and vote.
Jagadu 1 year ago

What did Npp do to add GHc620 to the debt? There’s nothing.

What did Npp do to add GHc620 to the debt? There’s nothing.
Kofi 1 year ago

The loan was in dollars why are coating cedis, pls use both, at least let's see how much dollars were borrowed by each Gov.

The loan was in dollars why are coating cedis, pls use both, at least let's see how much dollars were borrowed by each Gov.
NAPO SHOULD READ THIS 1 year ago

ROYAL LIAR NAPA says, Nana Addo's government is the best performer since independence.

Abi we can all read the figures now by ourselves for ourselves to judge by ourselves, which Government has performed well ...
read full comment

ROYAL LIAR NAPA says, Nana Addo's government is the best performer since independence.

Abi we can all read the figures now by ourselves for ourselves to judge by ourselves, which Government has performed well and to make a profound decision in 7th December 2024.

Figures don't lie dear ROYAL LIAR NAPO
......
IRS 1 year ago

what a daft analysis? why don't you put the debt in dollars? nk...sem

what a daft analysis? why don't you put the debt in dollars? nk...sem
Sam 1 year ago

Who is this voodoo economist who posted this misleading figures. What was John Dramansis accumulated debt in DOLLARS when he left office The debt was $35 billion and remains unpaid in the books. this amount reflects into the ...
read full comment

Who is this voodoo economist who posted this misleading figures. What was John Dramansis accumulated debt in DOLLARS when he left office The debt was $35 billion and remains unpaid in the books. this amount reflects into the current debt stock at current exchange rate ($35b x15 exchange rate= GH 525 billion. We still go back to pay the loans in dollars/not cedis. We use earned foreign dollars to pay our loans so address the debts with the denominator $ we borrowed the money with. I want to ask you a simple question: If Nana Addo had never added any loan to JDM s loan of $35B which converts to GH 525B, would you say Nana has increased our debt while nothing had been added to it?
Why are NPP communicators allowing NDC to peddle this falsehood
Ikemefuna 1 year ago

Get away with your stupid 1968 third class economic gymnastics! Kwaseato kromfuor... which Economics school did you attend?? Aboa santoliwaa............

Get away with your stupid 1968 third class economic gymnastics! Kwaseato kromfuor... which Economics school did you attend?? Aboa santoliwaa............
Achakanapaya 1 year ago

You see this Akuffo Addo and his useless NPP government borrowed more than every government including Kweme Nkrumah.
Nothing to show. They create loot and share.
They keeping the dollars under their bed's ooh.

You see this Akuffo Addo and his useless NPP government borrowed more than every government including Kweme Nkrumah.
Nothing to show. They create loot and share.
They keeping the dollars under their bed's ooh.
Kb 1 year ago

I like the comment that borrowing is actually good so long as the money is used in productive investment instead of reckless profligate projects.

I like the comment that borrowing is actually good so long as the money is used in productive investment instead of reckless profligate projects.
Ohene 1 year ago

Question is. What have they each done with the borrowed money

Question is. What have they each done with the borrowed money
Ikemefuna 1 year ago

They used part to build their ROCK CITY, and the rest was going to be used in buying ALL your prime hotels in the country! You think those BANDITS came to joke...???????

They used part to build their ROCK CITY, and the rest was going to be used in buying ALL your prime hotels in the country! You think those BANDITS came to joke...???????
FOOLS SHALL ALWAYS BE FOOLS 1 year ago

I am amazed to see Osabirimba, Adade and likes pumping up when NPP issues come out for discussion. Ghana is paying Covid tax even China is not paying Covid tax. Look at all these loans plus grants and gift from other countrie ...
read full comment

I am amazed to see Osabirimba, Adade and likes pumping up when NPP issues come out for discussion. Ghana is paying Covid tax even China is not paying Covid tax. Look at all these loans plus grants and gift from other countries yet we cannot count for it. These are the same people with time shall be complaining that Ghana is hard after NPP is out of office forgetting that the loans misused need paying. I wonder if these people have brains
Bomber 1 year ago

The writers are not doing us good by putting the debts in Ghana Cedi. The exchange rate is the reason why it has increased for the current government. If it is put in US Dollars the real borrower can be identified.

The writers are not doing us good by putting the debts in Ghana Cedi. The exchange rate is the reason why it has increased for the current government. If it is put in US Dollars the real borrower can be identified.
Test 2 1 year ago

AKUFO ADDO AND HIS AKYEM MAFIA FAMILY HAS DUPED GHANA ,$50BL BORROWED IN GHANAS NAME FROM IMF CHINA EUROBOND PARIS CLUB LOANS AND STOLE IT SHARED AMONGST FAMILY AND FRIENDS
HIS DAUGHTER AND NIGERIA BOYFRIEND $34ML DAVID AD ...
read full comment

AKUFO ADDO AND HIS AKYEM MAFIA FAMILY HAS DUPED GHANA ,$50BL BORROWED IN GHANAS NAME FROM IMF CHINA EUROBOND PARIS CLUB LOANS AND STOLE IT SHARED AMONGST FAMILY AND FRIENDS
HIS DAUGHTER AND NIGERIA BOYFRIEND $34ML DAVID ADJAYE THE CATHEDERAL ARCHITECT $24ML CECILIA DAPAAH MILLIONS OF DOLLARS UNDER HER BED EVEN HER MAID HAD HER SHARE IN MILLIONS OF DOLLARS AND YET GYIMI GYIMI GHANAIANS ARE LOOKING ON WALLOWING IN FILTH AND EXTREME POVERTY YET DOING NOTHING
FOOLS BEHAVING LIKE ANIMALS
Foli Foli 1 year ago

What is the need to compare this situation of Ghana to the America and Germany? They use their resources to better the condition of life of their people whilst we consume ours with reckless abandon.

What is the need to compare this situation of Ghana to the America and Germany? They use their resources to better the condition of life of their people whilst we consume ours with reckless abandon.
Shine your eyes Ghanaians 1 year ago

Because you would get stupid bigotry to support those criminals while in advance countries, judiciary is independent and media is fair and people there have brains not stupid brains to defend silly things

Because you would get stupid bigotry to support those criminals while in advance countries, judiciary is independent and media is fair and people there have brains not stupid brains to defend silly things
Sam Fante warrior. 1 year ago

Ghanaians should send this stupid foolish elephant family back to forest quick before they sell Ghana to their homosexuals slave masters. Even old chimpanzee was flying expensive private jet $14000 per hour.

Ghanaians should send this stupid foolish elephant family back to forest quick before they sell Ghana to their homosexuals slave masters. Even old chimpanzee was flying expensive private jet $14000 per hour.
H Aborbi 1 year ago

Yes, the amount of debt is not necessarily bad. It depends of what investment it is used for. You forgot to mention that it also depends on how much of it is stolen by the likes of Cecilia Dapaah

Yes, the amount of debt is not necessarily bad. It depends of what investment it is used for. You forgot to mention that it also depends on how much of it is stolen by the likes of Cecilia Dapaah
Jobe 1 year ago

Why didn't you add interest from the loans and money borrowed to service the loans. All these are included in the current balance. Your analysis lack the required standards. Unless you're playing politics but it's still an ...
read full comment

Why didn't you add interest from the loans and money borrowed to service the loans. All these are included in the current balance. Your analysis lack the required standards. Unless you're playing politics but it's still an academic dishonestly which will hunt you in future.
Teddy 1 year ago

Fake information

Fake information
Wakkuffo Waddo 1 year ago

Ghana would have become heaven if JDM had all these loans.
Akyem sakawa government came to loot, destroy and impoverish. Kwasia fuo they have hidden all the monies meant for productive investment.

Ghana would have become heaven if JDM had all these loans.
Akyem sakawa government came to loot, destroy and impoverish. Kwasia fuo they have hidden all the monies meant for productive investment.
Stephen Amegadze 1 year ago

Borrowing is not a problem per se but this statement is not an open ended one. It closes at a point. If you borrow to waste and you compare to other government that borrow to invest. That is worth mentioning. What was the cos ...
read full comment

Borrowing is not a problem per se but this statement is not an open ended one. It closes at a point. If you borrow to waste and you compare to other government that borrow to invest. That is worth mentioning. What was the cost of dredging the ordor river (millions of dollars later found in the ministers room), the cost of the botched Agyapa deal 12 Millions dollars already spent on formation expenses, the pulugu irrigation project, 12millions dollars already spent with no work to show, the National cathedral Millions of dollars spent, the Ambulance 34 Millions dollars and the list go on and on. We don't produce dollars in ghana. If these politicians are splashing dollars around like Arabian kings they are simply stealing our future.
There it is my case that this government have wrecked hovoc on our fragile economy and must be booted out and made to account for every pesewa

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

News

The GH¢742 Billion National Debt: How we got here; what the data shows

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (86)

Read Comments Comments (86)