The National Democratic Congress (NDC) flagbearer, John Mahama has raised alarm over what he says is the deliberate creation of a vortex by the Akufo-Addo administration that is swallowing the country’s money into “private pockets without any benefit to the state”.
Speaking to the media, Mr. Mahama lamented how the action of Presiden Akufo-Addo is creating a huge burden for the youth in the very near future. Citing the frequent borrowing by Mr. Akufo-Addo through various bonds which have two and three years moratoria, the former president stated that the youth are being saddled with debts they will have to face in later life.
He noted that the sad situation is already a problem for the new government he will form if he wins power in January 2021 because those debts will mature by then.
He further emphasized the nine billion dollars ($9billion) raised in the capital markets by the NPP in the last four years is supposed to be a YOUTH TAX which did not benefit the youth but they had to pay for it because it was left for them.
He questioned the impact the $500million from the fraudulent Agyapa deal will have on Ghana’s development when $9billion did nothing. According to him, the 500million dollars is just going to be swallowed in the next two months.
In his view, these monies should be invested in tangible projects which will solve critical problems in the country. Former President Mahama and the NDC have touted their performance in infrastructure ahead of the polls.
The Kejetia market in Kumasi, the Kwame Nkrumah Interchange, the Kasoa interchange, the Bank Hospital, the University of Ghana Medical Centre and many other health infrastructure across the country were done by the former president.
Various other projects he undertook which are at advanced stages of completion such as the Military Hospital at Aferi, the Sewua Regional Hospital, the Bekwai Government Hospital among others were abandoned by Akufo- Addo for fear credit will go to Mahama.
In exhorting the citizenry about the grave effects of the current economic circumstances, President Mahama noted that President Akufo-Addo’s children will never suffer the lack of money in their lifetime, but the unsustainable borrowing is placing a massive debt burden on Ghana’s children, one which will hamper the economy for generations.
He warned it is time to make an economy that works for all hence the inevitable need to remove the Akufo-Addo and the NPP government from power in December this year.
By Cyril Duodo & Super Frankie Yale
