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The standard bearer of the Democratic National Congress (NDC) has asked President Akufo-Addo to show what he has done with the ¢ 140 billion that his government has borrowed since he took office.
John Mahama said that even though the Akufo-Addo regime took more than double the loans his administration took, the president has not embarked on any major development projects to justify the loans.
Addressing the chiefs and people of Sampa in the Jaman North constituency as part of his tour of the Bono region, the NDC presidential candidate wondered what the government had been using the borrowed money for, especially since many Communities regret the absence of development projects.
Mahama said the ¢ 140 billion loans from the government constitute a significant addition to the stock of national debt, yet the president and his officials cannot pinpoint development projects.
“When I was in government, we borrowed ¢ 54 billion and Ghanaians could visibly see what we used the money for, in the area of roads, water, electricity, airport, port, schools, among others,” he explained.
Mahama said the then-opposition New Patriotic Party (NPP) accused the NDC government of borrowing too much, promising to develop Ghana without borrowing.
“But after staying in office for four years, do you know the money they have borrowed?” He asked.
“The PNP government has borrowed ¢ 140 billion and the sad thing is that the government has not explained to the 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? “
Mahama said that it is not true that the Akufo-Addo government borrowed to fund free upper secondary education, as some government spokesmen claim, adding that the free SHS is funded by Ghana’s share of oil revenues.
He said that the Akufo-Addo government is leading the country in the wrong direction with its negative policies and the deliberate collapse of companies owned by people perceived as non-PNP supporters.
Mahama, therefore, urged Ghanaians to vote for the NDC in the upcoming general elections on December 7, 2020 to create prosperity for all and work hard to create jobs and reduce economic hardship.
Mahama promised to build the roads in the city of Sampa and renovate his hospital when he is elected president in the December elections.
