Senior Minister Osafo Marfo

The Senior Minister Yaw Osafo-Marfo has disclosed that the government is reviewing the loans contracted under the former administration.

The findings of the review, according to him, will be published for the tax payer to have an appreciation of what his or her money was expended by the Mahama-led administration.

Speaking Tuesday May 16, 2017 during the National Policy Summit in Accra, Osafo-Marfo also noted that all debts incurred by the former administrations are being probed.

He said: “We are working on the numbers, the ministry of finance gives us the bulk numbers. But they do not all emanate from one source, we have some sitting in energy, some sitting in SSNIT and we are examining all as a government and we are doing it gradually and slowly because we must be accurate.

“We want to be sure that whatever comes out finally is accurate. The government owes it as a duty to keep the nation informed about these debts and what it was used for.”

According to president Akufo-Addo, he inherited empty coffers from the Mahama-led National Democratic Congress (NDC) administration, with the national debt running around GH¢122 billion from the GH¢9 billion Kufuor’s New Patriotic Party (NPP) government left for the NDC in 2009.

“I inherited a poor economy. My predecessor did not leave me much money. What he, rather, left me was a lot of debt. Nonetheless, we are beginning to turn the fortunes of our country around, and we will find the money for the construction of the stadium and the completion of the university,” he said  at a durbar held at Dormaa Ahenkro by the chiefs and people of the area on the final day of his two-day tour of the Brong-Ahafo Region.