NPP’S LESS THAN 100% DEBT STOCK INCREASE BETTER THAN NDC’S 255% – GABBY

 Gabby Otchere Darko

An influential member of the New Patriotic Party (NPP) Gabby Asare Otchere-Darko has jabbed the opposition National Democratic Congress(NDC) that the increase in debt stock since the ruling NPP took office had been kept under 100%.

According to him, the NDC average was 255% every 4 years.

In a piece on his Facebook wall, Gabby said “Ghana’s debt stock now stands at GHS236 billion (including the cost of the banking crisis) – from GHS 122.2 billion at the end of 2016.


“That is a huge 93.1% increase. Yet, we are seeing the lowest rate of debt accumulation under any government since President Kufuor handed over to President Atta Mills”, he pointed out.

He argued that “The incontestable facts are that Ghana’s debt stock has been managed far better under the Akufo-Addo government than the previous 8 years under the NDC.”

For example, between January 2009 and January 2013, Ghana’s debt stock increased by 267%, from GHS9.7 billion to GHS35.6 billion, respectively.

Between January 2013 and January 2017, the increase was 243%, from GHS35.6 billion to GHS122.2 billion.