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RADP / Pulse Ghana  >  news  >  business

NPP increased Ghana's debt from GHC2bn to GHC57bn in 8yrs - Fiifi Kwetey

Abu Mubarik

Fiifi Kwetey said the National Democratic Congress (NDC) administration between 1993 to 2000 had a total revenue of 2 billion while the NPP under former president John Kufour between 2001 and 2009 had a total revenue of 22 billion.

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Fiifi Kwetey said the National Democratic Congress (NDC) administration between 1993 to 2000 had a total revenue of GHC2 billion while the NPP under former president Kufour between 2001 and 2009 had a total revenue GHC of 22 billion.

He made comments at the launch of the NDC's manifesto for the 2016 election in Sunyani in the Brong Ahafo region Saturday.

His comments were in response to Dr Mahamadu Bawumia's lecture in which he said Ghana's debt has reached GHC99.5 billion.

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"The total revenue that we had was GHC3 billion and the total debt that we had at the time was 13 billion [between 1993 to 2000]. When the NPP came into power, between 2001  to 2008, the total revenue, which ours was GHC2 billion went up to GHC22 billion.

"And the total debt which Rawlings had which was GHC13 billion, theirs went up by GHC57 billion."

More soon.

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Abu Mubarik Abu Mubarik Abu Mubarik is a writer at Pulse Ghana with special interests in Ghana politics, international relations and geopolitics.

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