The 2020 flag-bearer of the National Democratic Congress, John Dramani Mahama has revealed that the 2016 budget was financed without borrowing from the central bank.
In a one on one interview with the managing editor of the Insight Newspaper, Kwesi Pratt Jnr, Mahama said the 2016 budget was financed without acquiring any loan from the central bank. “It was financed with our own revenue which most Ghanaians don’t know”
He added that by the time they (NDC) left office, everything in the 2016 budget was zero financed from the Bank of Ghana.
Mahama said ” by the time we left office in 2016, I will tell you this, but most Ghanaians don’t know. We financed the budget from our own revenue, we didn’t borrow one cedis from the central bank, the first time in Ghana’s history. Everything that we financed the budget with in 2016, we did zero central bank financing”.
In relation to a robust economy, the flag-bearer renowned that, they built a resilient economy that was on its way to prosperity had the Nana Addo’s led administration continued from where the NDC left. He said; ” this had put the economy on a platform where, I mean if the Nana Addo’s administration had taken over with the additional Oil revenue and things we would have just continue Fiscal Consolidation with Growth and you would have felt the prosperity within the system, instead they jettison everything and decided to go on their own track”.
Filed By : Agaatorne Douglas Asaah/awakenewsroom.com