Dr Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has questioned government's resumed borrowing less than a year after exiting the IMF programme, arguing the country should have prioritised domestic revenue mobilisation to finance critical investments instead.
21 July 2026 · Joy Online →
Deputy Ranking Member on Parliament's Finance Committee Dr Gideon Boako says persistent revenue shortfalls are compelling the government to borrow to finance critical national programmes, including education. He cited Q1 2026 fiscal data showing shortfalls across multiple revenue sources—VAT 6% below target, NHIS Levy and GETFund each 29.9% below, crude oil 37% below, excise 23% below, and import duties 14% below—arguing that when revenue cannot cover essential expenditure, government must resort to borrowing.
21 July 2026 · Joy Online →
Dr Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, says weak revenue performance forced government to reduce expenditure by 29% in the first quarter of 2026, when revenue fell short by 4.5%, and urges improved revenue mobilisation to fund development without additional borrowing.
21 July 2026 · Joy Online →
Dr Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has argued that the Free SHS policy should be financed through domestic revenue rather than borrowed funds, insisting that improving domestic revenue mobilisation is the most sustainable way to finance the flagship education programme.
21 July 2026 · Joy Online →
Dr Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has criticised the government's decision to finance secondary education through borrowing, arguing that education should be funded from domestic revenue rather than loans that would impose future repayment obligations on the country.
21 July 2026 · Joy Online →