Akufo-Addo Has Borrowed More Than Any President In Ghana’s History – NDC MP

Must read

The Member of Parliament (MP) for Aowin, Hon. Oscar Ofori Larbi has slammed President Akufo-Addo led New Patriotic Party (NPP) administration over what it describes as the “gross mismanagement of the national economy”.

The law maker said despite the Akufo-Addo regime taking more than twice the amount of loans his administration took, the president has not embarked on any major development project to justify the loans.

“You may recall, that in the run-up to the 2016 general elections, the New Patriotic Party (NPP), led by its over-hyped economic messiah, Dr Alhaji Mahamudu Bawumia and then Candidate Akufo Addo, berated the NDC for what they described as excessive borrowing by the Mahama government,” Hon. Oscar Ofori Larbi exclusively told Kwaku Dawuro on ‘Anopa Nkomo’ on Accra-based Kingdom FM 107.7

“The NPP led by Dr Bawumia, described Ghana’s debt position at the time, as unsustainable and went on to describe the country as a “Highly Indebted Lower Middle Income Country (HIMIC)”.

“But after staying in office for five years, do you know the money they have borrowed?”, he quizzed.

“The NPP government has borrowed ¢140 billion and the sad aspect is that government has failed to explain to Ghanaians what they have used the money for in the area of roads, water and schools, among others. So what are they using the money for?”

He said Ghana’s public debt which stood at GHS120 billion as at December 2016 when the NPP won the elections, Ghana’s debt has since ballooned to GHS258.8 billion in three and a half years under their mismanagement.

Richard Obeng Bediako / Kingdom 107.7 FM / Kingdom TV/ / / Ghana / 2021

- Advertisement -

More articles

- Advertisement -

Latest article