Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has accused President Nana Akufo-Addo of crippling Ghana with huge debts and has nothing to show for the “reckless borrowing.”
Speaking to residents of Bimbilla, Mr Mahama said Akufo-Addo ” has nothing to show” after superintending over the borrowing of more money in four years than the country had borrowed since independence.
According to Mr. Mahama while the country had accumulated a total debt stock of GHS122 billion between 1957 and 2016, when he left office, President Akufo-Addo had added about GHS154 billion to the public debt in just four years. “We left a debt of GHS 122 billion. He said “between 2017 and 2020, this government, which is led by Nana Akufo-Addo and his Finance Minister has added to the debt, 157 billion cedis. The question is what do you have to show for it?”
Apart from the debt accumulations being high, the President and his NPP government had imposed hardship on the Ghanaian people due to their bad policies.
He challenged the Akufo-Addo government to show proof to Ghanaians of how it utilised the borrowed funds, stating that unlike his tenure which was replete with visible and verifiable infrastructure projects, President Akufo-Addo has resorted to “throwing figures around” on what he had done and deceiving Ghanaians.
He mentioned the construction of the Upper East and the Upper West Regional Hospitals, the expansion of the Tamale Teaching Hospital, the construction of some of the 200 E-blocks for Senior High Schools and other health infrastructure projects across the country as evidence of how his government utilised the GHS 56 billion it borrowed.