Another source of funds or loans available for the Government of Ghana aside from individual countries, IMF, and the World Bank is the Eurobond Market. The main difference is that the Eurobond markets charge very high interests. Today, an aide to Former President John Dramani Mahama, Felix Kwakye Ofosu, has dropped some statistics which showed how much the administration starting from Former President Kuffour to the current Nana Addo administration, has received from the Eurobond Market.
The Kuffour/Aliu Mahama administration took 750 million dollars in eight years. The Mills/Mahama administration took 3.5 billion dollars in another eight years. Finally, the Akuffo Addo/Bawumia administration, in less than 6 years, has taken 13.5 billion dollars from the Euro Bond Market. Just imagine how much interest must be paid on this bond.
It is interesting to note that the current administration is on record to be the government that has added the debt stock of the country, the highest debt amount from multiple sources.
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