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Ghana has not been prudent in borrowing

Professor of Finance at the University of Ghana, Godfred Bokpin, says the government has not demonstrated effective management of the funds it has borrowed in the name of the crises that have hit the country over the past eight years.

According to him, even though the public debt stock has ballooned over the period, there is not much to show for it.

He said this on Newsfile on Saturday when Deputy Finance Minister Dr Stephen Amoah sought to justify the Finance Minister's Mid-year Budget review presentation.

Speaking on the show, Prof Bokpin indicated that Covid-19 was one of the main crises that was unduly milked by the Akufo-Addo administration.

However, the government has so far proved that there was no judiciousness in how the funds were spent.

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