‘We Won’t Stop Borrowing, Even US Borrows’ – Akufo-Addo
Ghanaians who believed the Akufo-Addo government will reduce the public debt by not borrowing money in the same way his predecessors did, may have their hopes dashed. This is because President Nana Addo Dankwa Akufo-Addo has said his government will keep borrowing money to put up projects he described as “assets” to pay back those loans. He said every country borrows money for projects and Ghana is not an exception. “We will borrow money; everybody borrows money. The United States of America is one of the biggest debtors in the world. So borrowing money is not necessarily a betrayal of the concept of independence. The key for us in borrowing money is that we borrow money to create assets that will allow us to pay the money back. That is the key…If we borrow the money and use it properly it is an asset for us in expanding our economy and infrastructure,” he added. The president was speaking at an entrepreneurship forum in Nigeria on Thursday organised by the Tony Elumelo Foundation....