{"id":95535,"date":"2025-03-15T19:42:02","date_gmt":"2025-03-15T19:42:02","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months"},"modified":"2025-04-08T18:28:50","modified_gmt":"2025-04-08T18:28:50","slug":"minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months","title":{"rendered":"Minority Alleges Government has Borrowed GH\u00a273 Billion in Two Months"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The New Patriotic Party (NPP) Minority in Parliament on Thursday alleged that the Mahama-led Government has borrowed GH\u00a273 billion in two months since assuming office on January 7, 2025.<\/b><\/p>\n

Dr Gideon Boako, the Member of Parliament for Tano North, addressing the media during the Minority\u2019s True Budget Statement at Parliament House, said the Caucus had received report that on Friday, March 14, the Finance Minister, Dr Cassiel Ato Forson would borrow an additional six billion Ghana cedis from the domestic stock market to increase the borrowed amount to GH\u00a2 79 billion.<\/p>\n

He observed that given the alarming rate of borrowing by the government, if care was not taken, it would borrow GH\u00a2200 billion by the end of the year.<\/p>\n

Dr Boako expressed shock at the rate of the Government\u2019s borrowing, noting that the Akufo-Addo\u2019s government did not borrow up to GH\u00a215 billion in 2017 upon assuming office.<\/p>\n

He also expressed surprise at the GH\u00a22.7 billion budget compensation allocated to the Office of the Government Machinery (OGM), noting that the previous NPP government allocated GH\u00a2326 million to the OGM in 2024.<\/p>\n

The legislator also wondered how a whopping GH\u00a278.8 million was located to the Government Communications headed by Felix Kwakye Ofosu, which was higher than the budget of four ministries in the previous government while GH\u00a250 million was allocated solely to the Research Department of the OGM.<\/p>\n

Dr Mohammed Amin Adam, the former Minister of Finance and Member of Parliament for Karaga, said the ruling National Democratic Congress (NDC) Government had been using clandestine strategy to manipulate the fiscal data to support its baseless claims of inheriting a badly managed economy from the previous NPP government.<\/p>\n

\u201cThis is a carefully crafted strategy that been pursued right from the President himself during his message on the State of the Nation and repeated at the National Economic Dialogue.<\/p>\n

\u201cThe 2025 Budget was, however, going to be the vehicle for confirming what has been perfectly rehearsed to crown the narrative by putting data to the unfounded claims,\u201d Dr Adam stated.<\/p>\n

For More News And Analysis About Ghana<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The New Patriotic Party (NPP) Minority in Parliament on Thursday alleged that the Mahama-led Government has borrowed GH\u00a273 billion in two months since assuming office on January 7, 2025. Dr Gideon Boako, the Member of Parliament for Tano North, addressing the media during the Minority\u2019s True Budget Statement at Parliament House, said […]<\/p>\n","protected":false},"author":84,"featured_media":95534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[429],"class_list":["post-95535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-ghana"],"yoast_head":"\nMinority Alleges Government has Borrowed GH\u00a273 Billion in Two Months - Ghana<\/title>\n<meta name=\"description\" content=\"The New Patriotic Party (NPP) Minority in Parliament on Thursday alleged that the Mahama-led Government has borrowed ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh\u00a273-billion-in-two-months\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minority Alleges Government has Borrowed GH\u00a273 Billion in Two Months\" \/>\n<meta property=\"og:description\" content=\"The New Patriotic Party (NPP) Minority in Parliament on Thursday alleged that the Mahama-led Government has borrowed ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh\u00a273-billion-in-two-months\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-15T19:42:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-08T18:28:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/03\/sm_1742055467.601727.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"862\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Minority Alleges Government has Borrowed GH\u00a273 Billion in Two Months\",\"datePublished\":\"2025-03-15T19:42:02+00:00\",\"dateModified\":\"2025-04-08T18:28:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months\"},\"wordCount\":354,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/03\/sm_1742055467.601727.jpg\",\"keywords\":[\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/minority-alleges-government-has-borrowed-gh%c2%a273-billion-in-two-months\",\"name\":\"Minority Alleges Government has Borrowed GH\u00a273 Billion in Two Months - 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