General News of Thursday, 8 September 2016Source: ghelections.com66% of Ghana’s debt accumulated under Mahama - BawumiaDr. Mahamudu BawumiaAbout 66% of Ghana’s total debt is accumulated under President John Mahama, Dr. Mahamudu Bawumia, the New Patriotic Party (NPP) running mate for the 2016 general election has said. According to him, interest payments alone in 2015 stood at GHC9.6 billion, more than the total debt of Ghana at the end of 2008. Dr. Bawumia noted that Ghana’s Debt total had ballooned from GHC9.5billion to GHC105 billion at the end of May 2016. He said, “As interest payments go up, the space for development shrinks, and this is all due to financial indiscipline. At the end of 2008, Ghana’s total interest payments amounted to GH¢680 million.” he said.

Source: GhanaWeb September 08, 2016 18:33 UTC