General News of Wednesday, 14 September 2016Source: classfmonline.comPPPs key to funding 130 manifesto promises – Omane BoamahOmane BoamahThe next Mahama administration, should the governing National Democratic Congress (NDC) win the December 7 polls, will not rely on borrowing to fund all the 130 promises highlighted by President John Mahama on Tuesday in Accra, Minister of Communication, Dr Edward Omane Boamah has said. Responding to a projection by policy think tank IMANI that the next NDC administration will need to borrow US$22 billion in order to be able to implement 75 per cent of the party’s 2016 manifesto promises, Dr Boamah told Prince Minkah on Class91.3FM’s Executive Breakfast Show on Wednesday, 14 September, that public-private partnerships are “key ingredients” in attaining “these promises”. “… And so to conceptualise the delivery of all these projects within the framework of government alone funding it is erroneous,” Dr Omane Boamah emphasised. “With the exchange rate hovering just about 8.1, the total debt service requirement in local currency will exceed 76 billion, a crazy 19 per cent of the GDP, and an even crazier 50 per cent of all government revenues. He said the government will also use smart borrowing strategies coupled with a firmer running of the economy in achieving the promises, adding that “IMANI’s projection is even an estimate”.

Source: GhanaWeb September 14, 2016 10:41 UTC