The Acting Executive Director of complementary Education Agency, Hon. Daniel Ashiama, says the current government led by John Dramani Mahama is utilizing Ghana’s public debt more prudently and transparently than the previous administration led by Nana Addo Dankwa Akufo-Addo, despite the country’s debt rising by more than GH¢70 billion.
Speaking on Atinka TV’s Ghana Nie hosted by Ama Gyenfa Ofosu-Darkwa, on the growing debt figures, Hon. Ashiama argued that how borrowed funds are applied is more important than the headline numbers.
He maintained that the National Democratic Congress (NDC) has demonstrated stronger accountability and discipline in the management of public resources compared to the Akufo-Addo administration.
According to Hon. Ashiama, the sharp increase in public debt under the previous government was accompanied by weak financial oversight, raising serious concerns about value for money. He insisted that past NDC administrations provided clearer justification and better outcomes for borrowed funds.
Ghana’s rising debt stock has triggered renewed concern among economists and civil society groups, who caution that excessive borrowing could constrain economic growth and limit government’s ability to fund essential social services.
The government, however, continues to defend its borrowing strategy, stating that the loans are necessary to stabilise the economy and finance critical development programmes.
By Martha Kassum
