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Be Truthful To Ghanaians For Ones- Harruna Idrissu Drops Another Bombshell On Akufo-Addo

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Be Truthful To Ghanaians For Ones- Harruna Idrissu Drops Another Bombshell On Akufo-Addo

In his State of the Nation Address, delivered in Parliament today, Tuesday, March 9, 2021, Minority Leader Haruna Iddrisu mocked President Akufo-Addo for his silence on the country’s national debt.

Unlike previous addresses in which the President alluded to the debt left to him by the Mahama government, the Minority Leader claims that the President has remained silent on the current condition of the national debt.

“It’s interesting that he’s keeping quiet about the national debt today. What does it mean to have a national debt? After the President finished reading his speech, the Minority Leader taunted, “We want to hear.” He seconded a motion to postpone the chamber’s proceedings.

The stockpile in December 2020 was equal to 74.4 percent of total economic production as calculated by GDP (GDP).

The debt-to-GDP ratio has surpassed 74% for the first time in more than 15 years. In 2016, it was recorded at 72.5 percent of GDP, which was the closest estimate.

High debts reduce fiscal space by requiring more revenue to fund interest and pay off principal, limiting investment in productive sectors and creating a borrowing period.

According to GDP, the stockpile in December 2020 was equivalent to 74.4 percent of total economic activity (GDP).

For the first time in more than 15 years, the debt-to-GDP ratio has reached 74 percent. It was estimated to be 72.5 percent of GDP in 2016, which was the nearest estimate.

High debt levels reduce fiscal space by necessitating more revenue to finance interest and pay off principal, reducing expenditure in productive sectors and lengthening the borrowing duration.

“The debt service metrics and total funding needs of the country have exceeded the sustainability thresholds. “Non-resident holdings of the public debt, although declining, remain high at 59.9% of GDP, well above the MAC level of 45 percent,” he said at a lecture on the state of the economy.

“On the back of expanded fiscal commitments, public gross financing needs are still above the 10% MAC threshold, implying constrained fiscal space for growth spending,” he said at the University of Ghana, Legon Alumni Lecture last year.

Composition

The data showed that the debt stock was GH¢218.2 billion (62.4 per cent of GDP) in December 2019 but rose by 35.6 per cent to GH¢286.9 billion last December.

It indicated that about GH¢68.7 billion was added to the debt stock within the 12-month period.

The data further showed that the share of the debt into external and domestic were almost at par, although those procured locally were slightly above those owed to foreign creditors.

The foreign component was GH¢139.6 billion, representing 36.2 per cent of GDP while the domestic component was GH¢147.3 billion, equivalent to 38.2 per cent of GDP.

The country remains a high risk debt distress country under the International Monetary Fund (IMF) and the World Bank Group rankings after making it to the list in 2015.

Source: www.GhanaCNN.com

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Nana Agradaa Boldly Reveals Some Deep Secrets About Kasoa Boys Ritual Murder

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Nana Agradaa Boldly Reveals Some Deep Secrets About Kasoa Boys Ritual Murder

The death of One Ishamil from Great Lamptey School in Kasoa in the Central Region of Ghana lost his untimely death.

His death which was caused by two teenagers from Kasoa generated a huge controversy online and this has caused many well-meaning Ghanaians to add their voice to the sudden demise.

The latest to speak on the issue is Nana Agradaa who remains one of the popular fetish priestess in Ghana.

According to Nana Agradaa, the unfortunate demise of the 10-year-old boy is unfortunate and needs to be condemned. She further stressed that the Kasoa Police Command should see to it that the suspects are dealt with.

Speaking on Thunder Television, Nana Agradaa heavily descended on the fetish priestess who instigated the death of the 10-year old as she called her out for spoiling their business.

Source: www.GhanaCNN.com

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Dead Body Of A Popular Chief Missing At Suhum Government Hospital

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Dead Body Of A Popular Chief Missing At Suhum Government Hospital

The family of Srah -Okanta and the management of the Suhum Government Hospital are at odds in the Suhum Municipality of the Eastern Region over the disappearance of their chief’s body at the facility morgue.

Nana Kofi Padi, 96, the chief of Srah-Okanta, a farming community near Suhum, reportedly died on January 4, 2021, while being treated at the hospital, and his body was deposited at the hospital morgue.

The family on Thursday night stormed the hospital morgue to retrieve the body but after processing the necessary documents, the body was nowhere to be found.

The disappearance of the body has created feud and misunderstanding between the family and the hospital management.

Interestingly, the late Chief’s son identified as Antwi is working at the hospital as a security man.

The security man said he always checked on the body until a month ago that he was told they have changed the position of the body at the morgue so he should be patient.

DGN Online gathered that the Hospital three weeks ago gave out some of the bodies to other families which they suspect it has been exchanged with another body.

source: www.GhanaCNN.com

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Abigail Reportedly Killed By His Husband For ‘Sika Duro’

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Abigail Reportedly Killed By His Husband For 'Sika Duro'

According to information we have received, a 24-year-old man allegedly assassinated his wife for money rituals.

Ghana is gradually becoming the Biblical Sodom and Gomorrah, with wickedness taking over everywhere in the country, all in the name of money.

Just as previous cases of men murdering their girlfriends for cheating on them are still being investigated by police, here comes another.

This disgusting incident happened at Onakwase, a community in the Ayensua District of the Eastern region.

According to reports from mybrytfmonline.com, the suspected young man identified as Isaac, had a little misunderstanding with Abigail Larbi, the deceased wife. Abigail then left the house alongside with her two children to her mother’s place.

Weeks later, Isaac succeeded in persuading Abigail to come to his place as a way of hanging out with her. The deceased was not found since then until her mutilated body was discovered at a dumping site in the community.

As a proof that the suspect used the deceased for money rituals, it is said that the tongue, vagina, breast and even the head of the deceased were removed by the suspect.

Investigation is under way by the Eastern regional police command.

Source: www.GhanaCNN.com

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