The President must reduce the excessive loan intake and focus on.. - Ex-president Kufour

Former President of Ghana.
J.A Kufour

The ex-leader of the government in power and former president of Ghana President J. A Kufuor is calling on the government to desist from taking in more loans to run affairs of the country.

The state man made this concerns during an inter with "All Tv", he stated that the current economic situation is as a result of the credit state of the country, and suggest that the president must reduce the excessive loan intake and rather focus on revenues to help resolve the uncomfortable state of the economy.

Mr. Kufour popularly known as JAK is cautioning government because the indices of Ghana's economic clock is showing negative and in the near future, more economic dissatisfaction may occur. The prudent submission he said is just an opinion in regards to his experience in governance. The current president of Ghana served under the former president for a period of 8years, occupying the ministry of foreign affairs and the Attorney general respectively. John Kufuor who lead Ghana into HIPC during his first term in office said; it is good to get flexible loans to run the economy but rather be careful the rate at which it is taken in other to reduce the risk associated with national credit or debt.

Ghana has received about $7billion in loans this year 2018 and more is expected to be taken by the current government led by President Akuffo Addo.