The Presidential Candidate of the National Democratic Congress (NDC), John Dramani Mahama, has accused President Nana Akufo-Addo of superintending over the borrowing of more money in four years than the country had borrowed since independence.
He said while the country had accumulated a total debt stock of GH¢122 billion between 1957 and 2016 when he left office, President Akufo-Addo had added about GH¢154 billion to the public debt in just four years.
He said beyond the debt accumulations being high, the President and the governing party had virtually nothing to show for the increased fiscal burden that he has imposed on the economy through the debts.
Addressing party supporters in a number of constituencies in the Northern Region as part of his campaign tour, Mr. Mahama said the government had been reckless in the borrowing and utilization of funds.
He challenged the 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.
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 GH¢56 billion it borrowed.
Latest Stories
-
Mothers celebrate arrival of Christmas Day babies at Ridge Hospital
14 minutes -
Alleged National Security operative remanded over GH₵1m recruitment scam
42 minutes -
Sametro Group of Companies donates to widows in Tarkwa Nsuaem Municipality to mark Christmas
1 hour -
Morocco’s Family Code revision proposals unveiled in Rabat
3 hours -
Saglemi fire: No documents lost, redevelopment project unaffected – Oppong Nkrumah
3 hours -
WAEC uncertain about meeting Dec. 29 deadline for WASSCE results
3 hours -
‘She Leads Project’ calls for more female representation in politics to address women’s issues
3 hours -
DJ Promise crowned Best Radio DJ at Dangme Music Awards 2024
3 hours -
Re-collation: Court sets Dec. 27 to hear NDC’s suit against EC
3 hours -
Let’s remain positive, optimistic, and with calmness, rebrand our party – Afenyo-Markin
4 hours -
L’aîné HR celebrates 30 years of excellence in HR management in Ghana
5 hours -
Corporate Wellness: Elegant Homes emphasizes impact of Annual Health and Family Fun Day
5 hours -
BoG issues bancassurance directives to stakeholders in financial sector; warns of sanctions
5 hours -
African Paralympic Committee President sends festive greetings to fraternity
6 hours -
Ghana-Russia Centre holds its first corporate social responsibility event in Ghana
6 hours