Former President John Dramani Mahama has fiercely criticized the ruling NPP government, describing its handling of Ghana’s economy as a “criminal supervision of destruction.”
Addressing the Western Regional House of Chiefs during his campaign tour, the NDC flagbearer lamented the declining economic growth under the NPP administration. He cited rampant borrowing, debt restructuring, and the cedi’s depreciation as key contributors to Ghana’s current financial woes, which have pushed over 800,000 Ghanaians below the poverty line, according to a recent World Bank report.
Mahama accused the government of excessive borrowing, stating, “We have borrowed to the extent of not being able to pay our creditors, hence leading us to debt restructuring.” He further highlighted that Ghana’s debt-to-GDP ratio has ballooned to 104%, compared to the 57% ratio when he left office.
The former president noted that the ongoing IMF intervention is aimed at both macroeconomic stability and debt sustainability—unlike previous IMF engagements focused solely on economic stabilization. He also pointed out stalled infrastructure projects, such as the PTC Interchange, as evidence of the government’s inability to secure external funding due to its financial mismanagement.
Concluding his address, Mahama asserted, “I maintain that what has happened is a criminal supervision of the destruction of our economy,” expressing concerns that the government’s actions appeared intentional, plunging the country into a deep recession.
Source: Ghana/Starrfm.com.gh/103.5FM/Kobin Amuah
