Mr Alex Asamoah, chairman at a meeting to elect officers for the Bibian-Anhwiaso Constituency of the NDC on Sunday, has expressed regrets that in spite of the noise made by the ruling government on assumption of power about the country’s external debt situation, no significant effort had been made to reduce it. He said its only a little over one trillion cedis of the debts that has so far been paid by the NPP government.
He said whereas the NDC left office with a ?41 trillion debt which represented Ghana’s total indebtedness since 1957, the debt situation had risen to ?47 trillion meaning that within 10 months in office, the NPP government had added six trillion to it.
On national debt, which stood at nine trillion cedis at the time the NDC handed over to the NPP, this national debt has risen to ?12 trillion.
Mr Asamoah noted that the two scenarios indicated the incompetence of the NPP to salvage the economy and said, “they have disappointed Ghanaians”.
Source: GhanaWeb
