NPP government will borrow, Assibey-Yeboah says

07:03 - 17 April 2017

___6538650___https:______static.pulse.com.gh___webservice___escenic___binary___6538650___2017___4___17___9___mark

The NPP while in opposition accused the Mahama administration of engaging in excessive borrowing, promising to cut down on borrowing when voted for in the 2016 elections.

Dr. Mark Assibey-Yeboah, Chairman of Parliaments Finance Committee, has said the New Patriotic Party administration will borrow just like every government in the world do, raising questions about the governments commitment to reduce borrowing.

The NPP while in opposition accused the Mahama administration of engaging in excessive borrowing, promising to cut down on it when voted for in the 2016 elections.

Speaking on Koforiuda-based Kingdom FM, Assibey-Yeboah said:"Nobody should think that the NPP government is not going to borrow ,there is no government in the world that doesn’t borrow even the US government secures loans, so the NPP government will continue to go for loans but that should be smart borrowing which can repay itself.

According to him, it will be impossible to manage the economy without borrowing, making reference to the state of the economy president Nana Akufo-Addo inherited from ex-president Mahama.

The Member of Parliament for New Juaben South said unlike the Mahama administration which borrowed for consumption, the NPP is borrowing into the productive sectors of the economy.

“We will go for loans because of the state of the economy .We will borrow into productive sectors; that is investment spending but remember we have about GHC122 billion debt we have to clear,” he said.