Ace Ghanaian broadcaster Kwasi Kyei Darkwah aka KKD is outraged after learning that a corporation owned by Ghana’s finance minister profits from international loans secured by Ghana.
KKD expressed his dissatisfaction on GTV in a viral video, saying he is devastated as he screamed out that Ken Ofori-Atta becomes wealthy while Ghana grows impoverished. It is improper, according to KKD, for the Finance Minister’s firm to benefit from loans secured by Ghana.
“Last night, I read a report that broke my heart. I witnessed Ghana’s debt. I also discovered that the Minister of Finance’s current or past firm is a transaction adviser for the funds we borrow. So, as Ghana becomes poorer, the Minister of Finance’s or previous firm becomes richer,” he says.
“Is this what we want to continue in this country?” KKD lamented and added that “do we want to elect people into office, give them their pay and their pegs and allow them and their friends and their companies or their former companies to be the very beneficiaries of the woes of our country?”
Ghana’s public debt stock shot up to GH¢391.9 billion at the end of March 2022. According to data shared by the BoG, Ghana’s public debt stock at the end of March 2022 rose by some GH¢40.1 billion to GH¢391.9 billion, data from the Bank of Ghana’s May 2022 Summary of Economic and Financial Data showed.
This, in terms of the country’s Gross Domestic Product (GDP), is estimated at 78 per cent, which is slightly lower than the 80.1 percent earlier recorded in December 2021.
According to the figures, the increase in the debt stock was largely attributed to the exchange rate instability and some borrowings from the domestic market.
source pluse news