Just think about it well since it appears u do not understand. He never imposed taxes to further worsen their plight. Learn from him. Even before COVID your uncle has moved Ghana's debt to levels never seen in our history
Covid worsened the plight of millions of America’s poor. The Biden Govt took a bold budget to tackle the crisis, at the cost of taking America’s debt to levels never b4 seen. In Ghana, Govt is unpopular for adopting burden sharing for growth sharing. https://t.co/GjnREcXJPL
Truth and wisdom have fallen from the mouth of Dr Mark Asibey Yeboah, Former NPP MP for New Juaben South and Former Chair of Parliament’s Finance Committee.
‘E-levy not the solution to revenue shortfall, go to IMF’ – Assibey Yeboah via @citi973 https://t.co/r2XNdgtOcS
Yes, COVID affected everyone except the govt of Ghana which exceeded revenue targets in addition to windfall of inflows from the IMF, World Bank, BoG, Stabilization Fund, etc. to the tune of over ¢30bn. Let no one lie to you. @StatsGH
Ghana's Cocoa Board's finances mirror the govt's. For 2 decades, Cocobod has borrowed ~$1.3bn/year internationally to buy from farmers & repay after selling. Nowadays it supplements this with massive local borrowing.
Local Debts (GHS):
2011 - 400m
2015 - 1B
2021 (end) - 14B