Ursula Owusu’s 18-year-old Son must take over from Akufo-Addo as President of Ghana – Captain Smart

Ursula Owusu-Ekuful criticising the erstwhile John Mahama administration in the round up to the 2016 elections is said to have held that “if governance was all about borrowing, then my 18-year-old son can be the President of Ghana.”

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Onua TV/FM’s morning show host, Blessed Godsbrain Smart believes Ursula Owusu’s son should take over from Addo Dankwa Akufo-Addo as President of the Republic.

This he says is as a result of a loose talk made by the Communications and Digitalisation Minister whilst in opposition.

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Ursula Owusu-Ekuful criticising the erstwhile John Mahama administration in the round up to the 2016 elections is said to have held that “if governance was all about borrowing, then my 18-year-old son can be the President of Ghana.”

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The statement according to Captain Smart should be given premium and implemented since the Akufo-Addo led government has borrowed than any other government this country has had.

Ranting on ‘Maakye’ Monday, July 25, 2022, Mr. Smart disclosed government has borrowed close to GH₵400billion excluding an annual revenue the GRA rakes in each year.

He continued that, an average GH₵50billion is collected by the Ghana Revenue Authority with a GH₵39.4billlion realised in 2022, about five months to the end of the year.

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According to the summary of Economic and Financial Data by the Bank of Ghana, the country’s total public debt stock rose marginally by a ₵130 million to ₵393.4 billion in June 2022, which is about 78.3% of Gross Domestic Product (GDP).

This is against a revised debt of ₵392.1 –78% of GDP – put out by the BoG in March 2022. The Central Bank had, however, released an earlier amount of ₵391.9 in May 2022, before the current figure.

Converting the value to dollars, Ghana’s debt in June 2022 was $54.4 billion, being a marginal drop from the March 2022 figure of $55.1 billion in March 2022.

A careful look at the data suggests that the country did not borrow fresh funds during the 2nd quarter of 2022.

Source: Felix Anim-Appau||Onuaonline

 

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