Presidential candidate of Liberal Party Ghana (LPG), Percival Kofi Akpaloo, has clarified his stance on borrowing to boost Ghana’s economy.
In a media interview on Tuesday, September 24, Akpaloo emphasized that his administration will utilize borrowing to invest in Ghana’s abundant natural resources, including gold, diamonds, and oil.
Akpaloo noted that adding value to these resources requires financial support, distinguishing his approach from the New Patriotic Party (NPP) and National Democratic Congress (NDC), which have pledged not to borrow if elected.
“I’ve been hearing NPP and all other political party’s saying when they come they will not borrow, then what are you coming to do?. You have to come and add value to our natural resources, take control but you need money to do that. So you have to borrow, invest and then add value and turn it around and make money”, he said.
According to him, borrowing in itself is not problematic, but it becomes an issue when borrowed funds fail to yield tangible results.
Akpaloo assured that his administration will prioritize maximizing the potential of Ghana’s natural resources.
As president, Akpaloo vowed to add value to the country’s resources, leveraging borrowing as a strategic tool for economic growth and development.
