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What can GH¢7bn do if you couldn’t put GH¢221bn loan into good use? – NDC to NPP

The approval of the e-levy still lingers as Minority in Parliament has insisted that the current state of the Ghanaian economy is as a result of mismanagement by Government and not the direct cause of the Covid-19 Pandemic.

Republic Online by Republic Online
December 9, 2021
in General, Lead story, Local News, News, Review, Top Stories
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What can GH¢7bn do if you couldn’t put GH¢221bn loan into good use? – NDC to NPP
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The approval of the e-levy still lingers as Minority in Parliament has insisted that the current state of the Ghanaian economy is as a result of mismanagement by Government and not the direct cause of the Covid-19 Pandemic.

The National Communications Officer of the National Democratic Congress (NDC), Mr Sammy Gyamfi in an interview on Accra Fm indicated that the Akufo-Addo government has nothing to show for the GHS220 billion it has borrowed since coming into office in 2017.

According to him, he is shocked what the same administration could do with the GHS7 billion expected to be realised per annum from the implementation of the 1.75 per cent e-levy proposed in the 2022 budget.

“The Akufo-Addo government alone has borrowed GHS220 billion since coming into office”, Mr Gyamfi told Awudu Iddrisu on Accra100.5FM’s morning show Ghana Yensom in an interview on Thursday, 9 December 2021.

“It is more than the cumulative debt incurred by the country since independence to the era of the Mahama administration because Ghana’s debt within that period was GHS120”, he pointed out.

He stressed: “In four-and-a-half years, the NPP, alone, has added GHS220 billion to the debt stock taking the total to GHS341 billion as of September 2021”.

“If you couldn’t use GHS221 billion to build any good roads, hospitals and secondary schools, what then can you use the GHS7 billion per annum that would be accrued from the implementation of the 1.75% e-levy, for?” he asked.

Tags: E-LevyMajorityMinorityNDCNPPSammy Gyamfi




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