The President, John Dramani Mahama, has virtually questioned the whereabouts of the Highly Indebted Poor Countries (HIPC) fund, which came to the Kufuor-led government, as a result of debt cancellation three months into his first term in office. Many have demanded to know the quantum of the HIPC fund which came to the government chest … Read more
Ghana is in a debt crisis. Despite having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year. 1 Such huge payments are only possible because Ghana has been able to take on more loans from institutions such as the International … Read more
President John Mahama has said accusations that his government has ballooned the country’s debt stock are not true, rather accusing the main opposition New Patriotic Party (NPP) of doubling Ghana’s debt while in office between 2001 and 2008. Vice-presidential candidate of the NPP, Dr Mahamudu Bawumia has constantly accused Mr Mahama and the NDC government … Read more
The governing NDC says there is nothing phenomenal about the New Patriotic Party (NPP) economic record because it was shielded from economic difficulties through its decision to go to the International Monetary Fund (IMF). At the “Setting the records straight” press conference broadcasted on Joy FM, Transport Minister, Fifi Kwetey said the National Democratic Congress … Read more