Home Politics 28 billion cedis debt unjustifiable to join HIPC – Government

28 billion cedis debt unjustifiable to join HIPC – Government

The accumulated 28 billion Ghana cedis debt since 2017 in addition to the already existing 120 billion Ghana cedis cannot form basis for Ghana to join the Highly Indebted Poor Country (HIPC) as claimed by National Democratic Congress (NDC).

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“The current debt cannot send Ghana to HIPC. Government is tirelessly working hard”, Information Minister, Hon. Kojo Oppong Nkrumah assured in an interview TheNewsGh.com monitored on a local radio station.

The Minority in Parliament says the government is taking the country back to the status of a Highly Indebted Poor Country status as it accumulates more debt than the economy can sustain.

According to the Minority Spokesperson on Finance, Casiel Ato Forson, the government has accumulated 28 billion cedis debt since 2017 in addition to the already existing 120 billion cedis.

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Speaking to the development on Kumasi-based radio station, the New Patriotic Party (NPP) Member of Parliament (MP) for Ofoase Ayirebi, said, it is possible Ghana could have joined HIPC if NDC is in government but it will never happen under the Akufo-Addo led administration.

“We all know it was NDC government which took as to IMF freezing every employment in our public sectors but let me assured you that we are not going to join HIPC because we have good managers of the economy now”, Hon. Oppong Nkrumah said.

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“Notwithstanding, we are not taking advises and suggestion coming from the Minority kindly because the President keeps reminding us to work and bring relief to the people who voted for us”, MP and Information Minister, said.

 

Source:MyNewsGh.com