First quarter report of the Ghana’s Financial and economic portfolio has been released by the Bank of Ghana
The data, showed that government has borrowed 16.6 billion with additional 38 billion Ghana cedis.
Financial Analyst Prof. John Gatsi commented on the issue on Radio Ghana,
He stated, the debt level is too high.
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Adding that the government has not committed itself to using the money for the infrastructure and social services for which the money was borrowed.
And that these borrowing was done before covid-19.
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Finally Prof. Gatsi said as at now, Ghana’s finances are NOT balanced, which is a serious concern.
