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Former MASLOC deputy CEO, Afia Akoto’s public debt statement proven false
Sep 3, 2024
The Deputy Chief Executive Officer of Ghana’s Microfinance and Small Loans Centre (MASLOC), Afia Akoto, has registered her discontent with public claims that the governing New Patriotic Party (NPP) has compounded the country’s total public debt.
Taking to her Facebook page, the NPP’s Deputy communication director said President Nana Akufo-Addo has added fewer debts to the country’s total public debt, despite contrary claims.
DUBAWA has identified and fact-checked some of the claims Afia Akoto made on her Facebook page.
Claim 1: Afia Akoto claims Ghana’s total public debt was $10.4 billion in Jan. 2009, when ex-President John Kufuor handed over to his successor.
Verdict: False. DUBAWA’s research showed that Ghana’s public debt as of Jan. 2009 was $7,989 million, equivalent to $7.9 billion, not $10.4 billion, as Afia Akoto alleged. Ghana’s Economic Performance 2009 Report, published by the Ghana Statistical Service in Dec. 2010, has revealed that the country’s total debt in 2008 was $7,989 million, as against $9,250 million in 2009.
Verification
DUBAWA’s investigation showed that Ghana’s public debt in Jan. 2009, when ex-President John Kufuor handed power to his successor, was $9,250 million, equivalent to $9.2 billion, not $10.4 billion, as Afia Akoto alleged.
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