Ghana has no capacity to borrow $19 billion - Adongo - News Summed Up

Ghana has no capacity to borrow $19 billion - Adongo


General News of Tuesday, 27 June 2017Source: mynewsgh.comGhana has no capacity to borrow $19 billion - AdongoRanking member of the Finance Committee, Isaac AdongoGhana does not have the capacity to borrow nineteen billion dollar ($19 billion) and be able to service it over the next ten years, the National Democratic Congress (NDC) minority in parliament claims. Isaac Adongo on Asempa FM’s “Eko Sii Sen” afternoon political talk show hosted by Kojo Asare Baffour Acheampong (KABA) exclaimed. Government of Ghana has secured $15 billion loan/grant from China to fund massive transformational agenda projects with the likelihood that another four billion dollars would be committed to various projects in the country. But the NDC minority in parliament insists they need blue prints of government project to allay their fears despite this year’s budget document. “Even the free School High School (SHSs) education policy the government says it will implement it this September, we do know the exact amount budgeted for.


Source: GhanaWeb June 27, 2017 18:00 UTC



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