Ghana Cannot Borrow Again – Kojo Oppong Nkrumah Reveals Reason Why

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The Ghana Minister for Information Hon, Kojo Oppong Nkrumah has disclosed that the government of Ghana at times are always compelled to take some ‘unpalatable’ decision purposely for the good interest of the Ghanaians citizens in the country.

He further bemoaned that, the way and manner in which revenue mobilization measures and initiatives are accepted or not in the country have become dependent on the side of politicians.

However, Minister for Information Hon, Kojo Oppong Nkrumah according him expect the politicians notably the opposition side to stop what he deemed as ‘Hypocrisy’ and be very honest and truthful to the Ghanaians on how serious such decisions are needed for the development of the state.

Furthermore, the Minister for Information who also doubles as the Member of Parliament for Ofoase-Ayirebi constituency speaking in an interview Face to Face on Citi TV on the 12th of January 2022, however, cited decisions that are bordering revenue generation in the country as one of such initiatives.

According to the Information Minister, the challenges facing the country and the demands of Ghanaians from the government while the government have only two ways or sources of getting funds to meet such demand is very pathetic.

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He, therefore, pinpoints such two ways in which the government get money as either the government borrow or raise revenue further adding that the country can no more borrow because the country GDP ratio is now almost 80 per cent hence very crucial to resort to borrowing again, therefore, the government has only one option to raise revenue in the country.

“The revenue generation measures since I started politics have never been exciting for Ghanaians. We always find the political class being hypocritical while the government
defends it. The moment power switches hands, postures change. think the political class should stop the hypocrisy because we all know that without confronting the revenue question, neither of us can fully develop the country to its full potential. We have got to stop the hypocrisy, confront the real issues and tell Ghanaians the truth,” Kojo Oppong Nkrumah explained.

He further bemoaned that instead of the opposition party championing the government on ways of resolving the issues they are rather channelling their energies into holding the government accountable.

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