NPP's maturing debts are being paid off with funds borrowed under JM, according to Ato Forson.

The Mahama-led administration had to borrow money to pay off maturing debts accrued by the Nana Addo Dankwa Akufo-Addo administration, according to Finance Minister Cassiel Ato Forson, PhD. He asserts that there has been almost no real debt buildup throughout the Mahama administration. "To be clear, the Mahama government's net borrowing as of right now is GHS7.1 billion. He clarified that this is mainly a buffer for paying off maturing debts that the NPP, Akufo-Addo, and Bawumia administration have accrued.

"Notably, there has been almost no actual debt accumulation under the Mahama administration," the statement continued. In order to make sure that the John Dramani Mahama-led government fulfills its mission, he asked the people of Ghana to resist following misinformation and stick with it. In just 50 days, the 91-day T-Bill rate dropped to a record-high of 20.79% from 28.34%, demonstrating the investment community's strong faith in Ghana's economy thanks to the Mahama government's prudent public debt management initiatives. Disregard the critics, please.

Source: MyNewsgh