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Ghanaians React As Finance Minister Revealed That £170 Million Loan Will Be Paid In 15 Years

The burrowing of £170 Million by the Nana Addo Dankwa Akufo-Addo administration to establish the Ghana Development Bank has triggered the anger of many Ghanaians. Some Ghanaians asked that if we are in desperate need of a Bank, why used millions of Ghana cedis to collapse it when we could have actually used a few million cedis to get them back on their feet?

The Minister of Finance, Hon. Ken Ofori-Atta has recently added that this loan from the European Investment Bank is going to be paid in 15 years. The questions some Ghanaians are now questioning the Finance Minister; who is going to pay back this huge loan? The Bank itself or the innocent Ghanaian taxpayers.

This is actually worrying because the New Patriotic Party (NPP) knows that there is the probability that they will be out of government in four years' time. They have borrowed more than any government since Ghana's independence. It appears politicians do not care about burrowing because they actually take loans on behalf of Ghanaians. The consequences of these loans in the future are more serious than today.

Some Ghanaians believe that this loan is actually a new opportunity for the Nana Addo-led government to create, loot, and share. What happens after the collection of this loan is not their concern because the new government will probably take over.

Check out comments from some Ghanaians:

A Facebook user known as Raphael Elewode said that "My humble question is who pays back that money? The bank itself or innocent Ghanaian taxpayers?". This propelled some Ghanaians to react that "Unfortunately, it is the tax of Ghanaians that is probably going to be used to pay this loan is 15 years".

Another Facebook user known as Daniel Sasu reacted that "The NDC and the NPP are the same. Tell me what the NPP and NDC are proud of, apart from creating, looting and sharing? That is the hypocrisy we are always talking about".

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Bank Finance Ghanaians Ken Ofori-Atta Nana Addo


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