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Our economy is now at junk status, which means the economy is now ‘borla’ – John Mahama

November 30, 2024
in Headline, News, Top Story
Our economy is now at junk status, which means the economy is now ‘borla’ – John Mahama

John Mahama

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The presidential candidate of the National Democratic Congress (NDC) John Dramani Mahama has said Ghana’s economy is now borla.

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John Mahama noted when he was in the government the NPP in opposition was pushing the narrative that he was borrowing too much but today our economy is at a junk status.

Speaking on GTV presidential encounters, John Mahama stated, “We had a credit rating of B-, and if you know that we are currently at junk status when they say your economy is at junk status it means it is borla, your economy is at borla”.

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“At the end of our term in office, we handed over to the NPP we had a debt-to-GDP ratio of 55.6%  I am sure many of you will be surprised because you will remember when I was president the NPP kept pushing the narrative that we were borrowing too much but our debt to GDP was 55.6% that all”, John Mahama added.

John Mahama further revealed the NPP borrowed until the debt to GDP was at 104%, saying, “And when I come to talk about their record, they borrowed until our debt to GDP went all the way to 104% and as I speak to you we are just about 87, between 85 and 87% and the adjustment we are making together with the debt exchange means that we are aiming that by 2028 we should bring the debt to GDP below 60%”.

Watch the video below: 

Our economy is now at junk status, which means the economy is now ‘borla’ – @JDMahama #PresidentialEncounters #GhanaWins#Election2024 pic.twitter.com/r0sY3UaLK9

— GTV Ghana (@GTV_Ghana) November 29, 2024

Tags: 2024 electionseconomyJohn Dramani Mahama
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