NPP Debt Stock Increased By GH¢229.5 Billion - Duffuor

In the DAILY GUIDE newspaper of Friday, June 17, 2022, an article titled “NPP’s Borrowing Better Than NDC’s” appeared on page 3, based on a statement purported to have been made by Hon. Osei Kyei-Mensah-Bonsu, the Majority Leader of our august Parliament.

He is reported to have stated that “government borrowing is lower than the stock of borrowing between the period of 2009 and 2017 when the NDC was in government.”

The Majority Leader added, “The facts will tell the stories better,” and advised Ghanaians not to “allow any pretenders to deceive them.” This unfortunate statement is said to have been made on the floor of our august House and will therefore sadly be captured by the esteemed Hansard.

The purpose of this note is to set the record straight. First, to inform the entire Ghanaian public and also help the Majority Leader to have a clear picture of our country’s debt situation, I am indicating in the table below Ghana’s public debt stock from 2008–2021.