Former Central Regional Minister under the erstwhile NDC government, Aquinas Tawiah Quansah says his 9-year-old daughter is very disturbed about Ghana’s debt situation as the country’s debt keeps rising.
Speaking on Kasapa Fm, the former NDC MP for Mfantseman said he was alarmed when the 9-year-old daughter questioned him about the widespread perception of the dark future of Ghanaian children as a result of the bad decisions taken by leaders of the country.
“Look last week my daughter who is 9-years said something very disturbing in a conversation with her when I was driving her to school. She was sharing her concerns with the fact that the government has borrowed in excess to the extent that the children have a duty to pay for those debts in future, ” Aquinas Tawiah Quansah told host Bonohene Baffuor Awuah on Ghana Kasa on Kasapa 102.5 Fm.
“I tried to assuage her fears, but I cried on my way back home” he said, warning that the outlook is troubling if the pace continues unchecked in relation to the “mountain of debt we’re faced with”.
He added: “Even in this first quarter we’ve increased our debt by 3 billion again. What are we doing with the money?”
Ghana’s total public debt stock went up by ¢3.5 billion in two months to hit ¢335.9 billion ($57.9 billion) at the end of July 2021.
This was contained in the latest Summary of Economic and Financial Data by the Bank of Ghana.
The new figure is equivalent to 76.4% of Gross Domestic Product. However, the rate of increase has slowed down, compared to the ¢27.8 billion fresh funds added in April and May 2021.
The government had indicated in the Issuance Calendar in July 2021 that its borrowing will slow down in the third quarter of this year [July 2021 to September 2021] as it’s expected to borrow less than a billion cedi for the entire three months.
But it remains to be seen if the government’s assurances will reflect in the August and September 2021 figures when released later on.
Source: kasapafmonline.com
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Please don't drag your 9 year old into this political game. My answer to your question is that this government us borrowing to invest in Children's education and infrastructure and the benefits far exceed the costs if your daughter studies and become patriotic citizens instead of a politicians who care themselves only that we all saw during Mahama administration.
NDC fo) de3 .. ***barred word*** saaaaa everyday
Aquinas, way do you prefer lying to aspeaking the truth i yell you, your 9yr old baby does nót know nothing abt politics, lẹt alone the nation's debts. na waaaaa oooo
Tell your 9 year old because of the incompetence of you and your ndc took Ghana to this far. You took a debt of ghc 9billion from npp to ghs221b by 2016 with nothing to show ! Tell her its because of your create loot and share ***barred word*** ! Nation wreckers stomach politicians