We are becoming highly debt distressed, which is the same as HIPC -Mahama
Mahama said the Akufo-Addo government has nothing to show for the loans taken.
Jonas Danquah 
Former President, Mr John Dramani Mahama, has expressed concern about the rising debt stock under the Akufo-Addo government.
Mahama said, despite the loans the NPP government has taken, it has very little, in terms of developmental projects, to show for it
Addressing residents of Kakasunaka in the Kpone Katamanso constituency on Wednesday as part of his campaign tour of the Greater Accra Region, Mr Mahama said the government has since the year 2017 borrowed GHC157 billion, thereby increasing the debt to GDP ratio to an unprecedented 76.7 per cent.
He added that the country's indebtedness is similar to HIPC.
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“The recommended debt to GDP profile for a middle-income country is that we should remain not more than 60 per cent debt to GDP. If you pass 60 per cent and you go to 70 per cent and above, you are becoming highly debt distressed, which is the same as HIPC. If we take that debt and divide it amongst all Ghanaians, including children, everybody owes almost GHC 9000,” he said as quoted by the ghanaweb.
Mr Mahama was amazed at the ballooning national debt stock in spite of attacks on his tenure and pledges by the then opposition New Patriotic Party (NPP) that it was capable of developing the country without loans.
Mr Mahama said his government developed the country with the GHC56 billion it took in loans, adding the evidence can be seen all over the country that his government invested in roads, school blocks, hospitals, water and power expansion projects, among others.
