The National Democratic Congress (NDC) government has come under criticism for borrowing more than $10 billion within just nine months of assuming office.
According to economist Dr. Keskine Owusu Poku, the ruling party had accused the previous government of economic mismanagement, but has already secured massive loans since coming into power.
He argued that this level of borrowing raises questions about fiscal discipline and long-term economic sustainability.
Dr. Poku also pointed out that many traders are currently struggling at banks due to a shortage of dollar currency, which is disrupting business transactions and imports.
He warned that such a situation could worsen inflationary pressures and weaken investor confidence if not addressed swiftly.
The remarks have sparked fresh debate over the government’s economic strategy and its reliance on external borrowing to stabilize the economy.
