Debt increase of 137 per cent between 2016 and 2020 lower than previous administrations – Ofori-Atta May 12, 2021 Ghana’s debt increase of 137 per cent between 2016 and 2020 is lower than that of previous administrations, Finance Minister, Ken Ofori-Atta has disclosed. Comparing debt levels of all the past governments, Mr Ofori-Atta said the rate of increase in debt presently, was lower than that of former President John Kufuor, late former President John Mills and former President John Mahama administrations. Addressing the media amidst ‘fix the country’ protest, the Finance Minister said, between 2004 and 2008, Ghana’s debt stock increased by 30 per cent. However, it was high between 2000 and 2004, a period in which the country obtained debt forgiveness from multilateral and bilateral institutions.