Akufo-Addo has nothing to show after borrowing GH ¢ 140 billion – Mahama

Wednesday, September 30, 2020 Policy

Source: Starr FM

2020-09-30

Democratic National Congress (NDC) presidential candidate John Mahama has asked President Akufo-Addo to show what he has done with the ¢ 140 billion GH that his government has borrowed since he took office.

Mahama says that despite the fact that the Akufo-Addo regime took more than twice the loans that the Mahama 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 that the government loans of ¢ 140 billion GH constitute a significant addition to the stock of national debt, yet the president and his officials cannot point to development projects.

“When I was in government, we borrowed GH ¢ 54 billion from Cedis 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.