Director of Local Government Services at the Office of the President, Dennis Miracles Aboagye, has disclosed that the government’s outreach to the Bank of Ghana (BoG) for assistance was confined to the years 2020 and 2022.
Speaking in an interview, he noted that this move represented a strategic approach to addressing specific financial challenges during those periods, until COVID-19 hit the shores of the country.
“Whatever is happening today stems from issues arising from 2020 till date as earlier stated by the government.
“Government did not borrow from the bank in 2017, 2018, 2019, it was in 2020 during COVID that the government sought assistance from the Apex Bank. In 2021, the government did not go there but in 2022, the government went there.
He further stressed that this confirms the government’s claim that Ghana’s economy was doing well until COVID-19 struck.
“And this basically comes to confirm the long standing position of the government that Ghana’s Economy was doing very very well and was on a growth path between 2017 and 2019 until COVID arrived,” he added.