Ghana’s public debt hits 72.5% of GDP

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• BOY KOFI 7 years ago

  When your public debt is high,you find it very difficult to access loans in the foreign Financial market.
  When you get a loan you pay very high interest.
  Investors also refuse to bring their money and the local currency dep ...
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  When your public debt is high,you find it very difficult to access loans in the foreign Financial market.
  When you get a loan you pay very high interest.
  Investors also refuse to bring their money and the local currency depreciates faster.
  The best way to reduce public debt is to put in austerity measures.That is to cut down public expenditure drastically.
  Unfortunately,NPP has chosen the opposite direction by increasing public expenditure.I'm yet to see how the public debt will be reduced.Thank you.

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• nantwi 7 years ago

  Boy Kofi, we are a poor developing country.Austerity for Ghana now would be fatal. We have to improve the quality of governance and avoid wasting public funds, create a sound enviroment for private investments, just like the ...
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  Boy Kofi, we are a poor developing country.Austerity for Ghana now would be fatal. We have to improve the quality of governance and avoid wasting public funds, create a sound enviroment for private investments, just like the Gov. has started. Your medicine is good for already developed economies not for Ghana. We should support the finance minister.

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• BOY KOFI 7 years ago

  There's no difference between a poor country or a developed country when it comes to payment of public debt.
  The Finance Minister should have told us how much his budget will save by the end of 2017,unfortunately we didn't h ...
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  There's no difference between a poor country or a developed country when it comes to payment of public debt.
  The Finance Minister should have told us how much his budget will save by the end of 2017,unfortunately we didn't hear anything of that nature.Thank you.

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• duodu Düsseldorf. 7 years ago

  ........of course there is a difference . Borrow less, stimulate local revenue for your budget,negotiate for better payment conditions, do not overspend. Simply cutting public spending drastically always means a cutdown on s ...
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  ........of course there is a difference . Borrow less, stimulate local revenue for your budget,negotiate for better payment conditions, do not overspend. Simply cutting public spending drastically always means a cutdown on services in a country without any meaningful infrastructure, sacking employees. If there is no private sector to absorb the laidoff workforce, you soon have chaos, strikes, business shutdowns and your fine economic theory becomes meaningless. We see this in all very poor countries, which are forced to accept the advice of the IMF.

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• BOY KOFI 7 years ago

  The only way to pay your public debt is to save money and do better investment.This is the true economic fundamental not bla,bla.Thank you.

  The only way to pay your public debt is to save money and do better investment.This is the true economic fundamental not bla,bla.Thank you.

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• Man 7 years ago

  AKUFO-ADDO WAS QUOTING SOMETHING ELSE JUST TO RUBBISH THE PREVIOUS GOVT

  AKUFO-ADDO WAS QUOTING SOMETHING ELSE JUST TO RUBBISH THE PREVIOUS GOVT

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• SKIPER 7 years ago

  OF COURSE IF YOU HAVE PEPOLE STEALING GOVERNMENT VEHICLES WHAT WOULD YOU EXPECT?

  OF COURSE IF YOU HAVE PEPOLE STEALING GOVERNMENT VEHICLES WHAT WOULD YOU EXPECT?

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• NPPigs 7 years ago

  AND SO? YOUR BAWUMIA WILL FIX IT.

  AND SO? YOUR BAWUMIA WILL FIX IT.

  reply