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Former Deputy Communications Officer for the National Democratic Congress (NDC), Fred Agbenyo has chastised the ruling government for borrowing so much to the extent that IMF had to come in with a piece of advice.

Contributing to a panel discussion on Peace FM's morning show 'Kokrokoo', he bemoaned the fact that even though the country's total debt is increasing, the ruling Akufo-Addo led government has nothing to show for it.

"Barely two and a half years you have borrowed 80 billion Ghana cedis; someone who was speaking against borrowing; now look at what you are doing. Where is the money and what are you using it for? No school, no hospital, no road . . . We don’t even know the real state of our deficit and we don’t understand why the government is hiding it. They don't even know their priority, but as to whether they listen or not is up to them," he indicated.




Background

The Resident Representative of the International Monetary Fund (IMF) in Ghana, Dr Albert Touna Mama, has advised the government to pay critical attention to issues that can send the country back to a bailout programme with the fund.

He mentioned the high risk of debt distress, weak domestic revenue mobilisation, off-budget transactions and a high level of fiscal risk from the energy sector as issues that could erode the gains in stabilising the economy.