Elon Musk could have paid off Ghana's national debt – Sam George on Twitter sale

Elon Musk112 Elon Musk is one of the richest men in the world

Wed, 27 Apr 2022 Source: www.ghanaweb.com

Elon Musk pays US$44 billion to buy Twitter

Sam George says Musk could have simply paid off Ghana's national debt

BoG pegs Ghana's debt at equivalent of US$45 billion

The April 25 agreement for the sale of social media platform, Twitter, to Tesla founder, Elon Musk, continues to elicit reactions across the world.

Samuel Nartey George, Ningo-Prampram Member of Parliament, will not be left out as he used the same platform to express his views on the impending sale, pegged at US$44 billion.

He weighed in on what the amount could do for Ghana's national debt adding that the country could have given Musk a top position in exchange for paying off our debt.

The MP shared a CNN business story about the sale on his Twitter timeline with the caption:

"Elon Musk could have simply paid off Ghana's national debt and we give him @GabbyDarko (Gabby Asare Otchere-Darko's) position. Herh! People get money oh, legitimate money!"

Otchere-Darko, a leading member of the governing New Patriotic Party, NPP, and a relation of the President is largely referred to in opposition circles as the 'Prime Minister' of the country - pointing to his influence in the government despite not holding any position.

Ghana's public debt stock at over US$45 billion

Earlier this month, Ghana’s public debt stock in terms of Gross Domestic Product ratio reached the 80 percent mark.

The development was announced after the Bank of Ghana in its March 2022 Summary of Economic and Financial Data said the debt stock reached GH¢351.8 billion in December 2021 which is equivalent to about 80.1 percent of GDP.

The equivalent amount in US dollars comes up to over US$45 million - a billion off the amount Musk is paying for control of Twitter.

Country Director for the Bank, Pierre Laporte earlier speaking at a public lecture on March 7, 2022 said Ghana’s public debt situation might have changed due to increased government borrowing.

“The data as we know is close to 80% of GDP. Probably, now as we speak, it might have exceeded” he stated.

Over in Nigeria, social media users called on Elon Musk to make a bid for Nigeria instead.

Source: www.ghanaweb.com
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