Claim: X user @scottbolshevik claims that from 2017 to now, Ghana has borrowed over GHC 622 billion, with the Bank of Ghana illegally printing GHC 60 billion and leveraging mobile money systems for additional funds.
Verdict: False
Explanation: According to a 2023 report by FactCheck Ghana and Bank of Ghana’s Summary of Economic Financial Data(2024), Ghana’s borrowing figures over the years are as follows:
| Year | Borrowed figures(GHS) |
| 2017 | 142,546,700,000 |
| 2018 | 173,102,200,000 |
| 2019 | 218,228,900,000 |
| 2020 | 291,630,700,000 |
| 2021 | 351,787,000,000 |
| 2022 | 575,000,800,000 |
| 2023 | 610,000,000,000 |
| Total | 1,749,294,300,000 |
From the data above, Ghana has borrowed over GHS1 trillion between 2017 and 2024, which is more than the GHS622 billion as claimed. The Ghana Fact-Checking Coalition did not find any evidence to support the claim that the Bank of Ghana printed GHS 60 billion illegally.
Source: Ghana Fact-Checking Coalition