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.
Content created and supplied by: Gentle.Blogger (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More