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Monday, July 1, 2024

Akufo-Addo has introduced over 50 new taxes yet borrowed $42.5bn – Scott Bolshevik –

US economist Scottbolshevik has once again criticized the Akufo-Addo administration, blaming it for the financial difficulties faced by ordinary Ghanaians.

Expressing his dissatisfaction with the country’s current economic situation, Scottbolshevik pointed to what he sees as flawed policies by President Nana Akufo-Addo.

He highlighted that the administration has implemented over 50 tax policies without significant economic benefits.

According to the economist, these policies, combined with substantial borrowing amounting to approximately $42.5 billion over seven years—have led Ghana into a Debt Restructuring program (DDEP).

“Since his election in 2017, President Nana Akufo-Addo has introduced over 50 new taxes.

Despite this, his administration has borrowed approximately $42.5 billion over seven years, leading to debt restructuring,” Scottbolshevik remarked.

His comments have sparked a strong reaction from the public.

See tweet below:

tigpost.co

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