What have you done with all the billions you borrowed - Ghanaians ask Akufo-Addo

Some Ghanaians on social media have expressed shock and unhappiness about the revelation that seems to suggest Ghana's public debt is now 172.9 billion cedis, and are asking the Akufo-Addo government to explain where all the borrowed money went to, MyNewsGh.com has filed.

Many Ghanaians used unprintable languages to describe some key players in government's finance committee when they learnt that between July and November 2018, the country added 13.2 billion cedis to its debt.

The figure of 172 billion comprises money borrowed within Ghana and that borrowed from investors outside the country.

As of November 2018, the total amount that the government had borrowed from the domestic market reached 86.5 billion cedis while that borrowed outside the country amounted to 86.3 billion cedis.

The actual reasons accounting for the rise are not clearly known but the Bank of Ghana maintains that the figures still takes into consideration the 9.8 billion cedis bond that the government issued to support GCB and the Consolidated bank as part of the banking sector clean up.

The current figure of 172.9 billion cedis represents 57.9 percent of the total value of all goods and services produced within the country (GDP) for 2018.

But reacting to the news, some Ghanaians think they need clarity on what exactly the government has to show against the borrowed money.

What are they using the money borrowed for?

Hahahaha adjeeee tweeeaaaaaaa are they not the same people who promised not to borrow when elected?

Ghana beyond Aid….ayikoooòo….am loving my kentreyyy#