{"id":159566,"date":"2015-10-14T07:29:16","date_gmt":"2015-10-14T07:29:16","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=159566"},"modified":"2015-10-14T14:36:59","modified_gmt":"2015-10-14T14:36:59","slug":"mahama-justifies-ghanas-huge-public-debt-stock-2","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/10\/mahama-justifies-ghanas-huge-public-debt-stock-2\/","title":{"rendered":"Mahama justifies Ghana’s huge public debt stock"},"content":{"rendered":"

President John Dramani Mahama has discounted claims that his administration is only interested in piling up the country’s debt stock to the detriment of the good of the country.<\/p>\n

Offering explanation on the nation\u2019s current debt stock at a forum with National Democratic Congress (NDC) faithfuls in Cape Coast, President Mahama indicated that debts owed by state enterprises have been added to the country\u2019s debt stock thus shooting up the figure astronomically.<\/p>\n

[contextly_sidebar id=”zh72xgxjG0TVr8qEisAwPbt2SOIq7P5k”]The Minority in Ghana\u2019s Parliament had accused the Mahama administration of accumulating more debt<\/a><\/strong><\/span>; a situation they say is dangerous to the good of the nation.<\/p>\n

But addressing NDC supporters in the Central Region as part of his campaign to lead the party in the 2016 election, President Mahama said the debt stock is not huge as been reported.<\/p>\n

He argued that the computation by the Minority is not a fair representation of happenings.<\/p>\n

\u201cAll the debts of the state owned enterprises have been added to the public debt, so the debt of GHAPOHA and the rest have been added, it didn\u2019t use to be so. Formerly you calculate the debt the country owes separately from the state owned enterprises, but now in the agreement of the IMF, they\u2019ve added all the state owned enterprises debts to the public debt except GNPC.\u201d<\/p>\n

He said: \u201cthat is why the public debt [stock] as at the end of July stood at \u00a062.7% but that is not highly distressed. So we presented the public debt management plan to the IMF and we agreed together. And what we are doing is, we are putting GHAPOHA and all of them to be able to borrow on their balance sheets so that in future they don\u2019t continue to pile their debts on the government\u2019s debt.\u201d<\/p>\n

–<\/p>\n

By: Godwin A. Allotey\/citifmonline.com\/Ghana<\/p>\n

Follow @AlloteyGodwin<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

President John Dramani Mahama has discounted claims that his administration is only interested in piling up the country’s debt stock to the detriment of the good of the country. Offering explanation on the nation\u2019s current debt stock at a forum with National Democratic Congress (NDC) faithfuls in Cape Coast, President Mahama indicated that debts owed […]<\/p>\n","protected":false},"author":24,"featured_media":159568,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38],"yoast_head":"\nMahama justifies Ghana's huge public debt stock - Citi 97.3 FM - Relevant Radio. 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