Sunday, November 29, 2020

Every Ghanaian Owes GH¢10,000 Under NPP’s Akufo Addo – Sammy Gyamfi

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The opposition National Democratic Congress (NDC) has claimed that the country’s debt under President Akufo-Addo is unprecedented.

Speaking at a press conference, the Communications Officer of the NDC, Sammy Gyamfi noted that the ruling New Patriotic Party (NPP) under Akufo-Addo has incurred an additional GH¢38 billion debts in almost four years.

“In fact, per our current total public debt of GH¢258.8 billion, that is as at June 2020, every Ghanaian in Ghana today is indebted to the tune of about GHS10,000,” Sammy Gyamfi stated.

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“Our current debt position is worse than where we were when we joined the HIPC [Highly Indebted Poor Country] debt relief programme in the year 2001, at which time our debt-to-GDP ratio stood at 61%,” he noted.

Sammy Gyamfi (born 28 March 1989) is a Ghanaian lawyer and politician. He is the current national communications director for the National Democratic Congress.

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