Deputy Finance Minister, Abena Osei-Asare says Ghana’s obligation-to-GDP proportion right now stands at 79.6% agreeing to temporary reports she has gotten.
She clarified that the nation is however to pass the 80% stamp as a few had analysts had anticipated Ghana would by December 2021.
On February 9, Ranking Member on Parliament’s Finance Committee, Cassiel Ato Forson had anticipated that Ghana’s public debt to reach 83% of GDP by December 2021.
Agreeing to him, the Ministry of Finance had fizzled to figure in a few key components when calculating Ghana’s open obligation to GDP proportion in this way making a traditionalist picture of the genuine reality of the nation’s obligation issue.
Talking on JoyNews’ PM Express, he expressed that the Fund Service had calculated that Ghana’s obligation to GDP proportion was at 78% when it genuine truth it ought to have been at 81%.
“As of November, the math focuses to the truth that it was 81% of GDP, yes I’ve listened the Service really at 78% of GDP.
“But it is imperative for us to note that this prohibits the Energy Sector Levies Bond (ESLA) bond. This prohibits the Sinohydro cash and the GETFund securitization, which we call the Daakye. It avoids them. On the off chance that you’re to include all of them, you’re talking of 81%,†he said on Wednesday.
He denounced the government of underrepresenting Ghana’s obligation issue to the open.
Be that as it may, talking on JoyNews’ PM Express Commerce Version, the Appointee Fund Serve rubbished claims that the government was underrepresenting Ghana’s obligation figures.
“Our obligation to GDP proportion is 79.6 not at all like what individuals are saying around 83 and 84. We have never rubbed any numbers. We continuously display the information because it is and you'll be able to continuously compare,†she said.
Concurring to her, the figure right now standing at 79.6% was demonstrative of the government’s resolve to contain Ghana’s swelling obligation.
“It isn't fair the economy extending, but like I told you, after you see at the levels we borrowed in 2020 and you compare to 2021, clearly you'll see a plunge within the levels of borrowing for 2021.
“This ought to tell you that right from the starting of 2021 we set out an motivation to contain our obligations. And the IMF indeed said it that indeed in spite of the fact that our levels of obligation has raised, it is still inside sustainable levels,†she said.