By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    APRIL STEM rejects STEAM model, says arts is already science as SMET is the future of innovation
    January 11, 2026
    TTU Workshop ignites national dialogue on small nuclear reactors as Ghana seeks energy stability
    January 9, 2026
    Dr. Apaak meets stakeholders to resolve UG fee hike dispute
    January 9, 2026
    New Juaben South MCE commends contractors for completing school and water projects in 3 months
    January 9, 2026
    Majority rejects minority claims of rising fear and crime under Mahama administration
    January 9, 2026
  • Business
    BusinessShow More
    QNET Ghana rings in 2026 with media soirée
    January 11, 2026
    Fiscal discipline key to Ghana’s exit from IMF – Economist
    January 9, 2026
    From afterthought to flagship: President Mahama praises Ghana Publishing’s remarkable turnaround
    January 8, 2026
    Koforidua traders, artisans commend Mahama on stabilising economy and strengthening agriculture
    January 8, 2026
    Raymond Acquah writes: The 20 reforms that Reset Ghana’s economy in 2025
    January 7, 2026
  • Politics
    PoliticsShow More
    Majority rejects minority claims of rising fear and crime under Mahama administration
    January 9, 2026
    Removal of Torkornoo has created some chaos in Ghana’s judiciary – Governance Expert
    January 9, 2026
    Mahama’s second term shows discipline and clear vision – Governance Expert
    January 9, 2026
    Mahama committed to sustaining projects, determined to leave enduring legacy – Prof. Agyeman-Duah
    January 9, 2026
    Mahama gov’t has restored economic confidence – Governance Expert
    January 9, 2026
  • Entertainment
    EntertainmentShow More
    Osempekani takes over Abusua FM’s flagship morning show
    January 9, 2026
    Thousands throng Music Is My Life Concert in Tema
    January 8, 2026
    EIB Network’s Lily Mohammed nominated in two top TV categories at 15th GoldBond RTP Awards
    January 8, 2026
    EIB Network earns multiple nominations at 15th GoldBond RTP Awards
    January 7, 2026
    15th GoldBond RTP Awards: Kasapa FM’s Kwame Bee nominated for Radio Late Afternoon Show Host of the Year
    January 7, 2026
  • Sports
    SportsShow More
    MSport 2026: New Features, Real Winners, and Why MSport Is Africa’s Biggest Sports Betting Platform.
    January 11, 2026
    Manchester City completes signing of Antoine Semenyo in £64 million deal
    January 9, 2026
    Nigeria’s Super Eagles receive timely bonus boost ahead of Algeria AFCON quarter-final
    January 8, 2026
    Antoine Semenyo scores 95th-minute winner in farewell home game for Bournemouth
    January 8, 2026
    Ghana to host 24th African Senior Athletics Championships in 2026
    January 8, 2026
  • Technology
    TechnologyShow More
    APRIL STEM rejects STEAM model, says arts is already science as SMET is the future of innovation
    January 11, 2026
    From uncertainty to clarity: Ghana writes digital history with the passage of the Virtual Asset law
    December 23, 2025
    Social media is dead – Kobby Spiky Nkrumah explains shift in digital platforms
    December 23, 2025
    Ghana showcases digital transformation, calls for global collaboration at UN
    December 19, 2025
    Sam George addressing Parliament about radio station suspensions.
    Ghana commits to ethical AI use – Sam George tells UN General Assembly
    December 19, 2025
  • International
    InternationalShow More
    Manchester City completes signing of Antoine Semenyo in £64 million deal
    January 9, 2026
    Nigeria’s Super Eagles receive timely bonus boost ahead of Algeria AFCON quarter-final
    January 8, 2026
    Antoine Semenyo scores 95th-minute winner in farewell home game for Bournemouth
    January 8, 2026
    Ghana condemns ongoing violence in Sudan
    Mahama gov’t will continue to pursue policies that protect Ghanaians – Ablakwa on US visa restrictions
    January 8, 2026
    Starrfm.com.gh
    USA: ICE detains Ken Ofori-Atta over immigration status
    January 8, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Ghana’s unsustainable debt situation an impact of reckless spending – NDC
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
HeadlinesPolitics

Ghana’s unsustainable debt situation an impact of reckless spending – NDC

Isaac Dzidzoamenu By Isaac Dzidzoamenu Published September 28, 2022
Share
starrfm.com.gh
SHARE

The opposition National Democratic Congress (NDC) says the country’s precarious economic situation is caused by the reckless spending by Akufo-Addo-led administration.

“Today, our economy lies in tatters having been plunged into an unsustainable public debt through reckless spending and excessive borrowing most of which have been spent on consumption by the Akufo-Addo/Bawumia government.”

The NDC further bemoaned the high unemployment rate which currently stands at 13.4%, the highest in nearly thirty years.

This according to the NDC is despite the ruling NPP government “lofty and grandiose rhetorics such as NABCO, YouStart, One District, One Factory, among others.”

Reacting to the fallout from the booing of Akufo-Addo recently, the NDC claimed the incident is a reflection of the anger of Ghanaians following the massive disappointment in the NPP government.

The NDC in a statement signed by the Communication Officer, Sammy Gyamfi indicated that it “should dawn on President Akufo-Addo that anything short of prioritizing an agenda to create sustainable and meaningful jobs will not be countenanced by the young people of this country.”

The Ministry of Finance on Monday announced that the IMF delegation is currently undertaking a comprehensive debt sustainability analysis of the country.

“The Government of Ghana is putting together a comprehensive post-Covid-19 economic programme which will form the basis for the IMF negotiations.

“The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability, underpinned by key structural reforms and social protection.”

 

Below is the full statement from the NDC

PRESS STATEMENT
For Immediate Release:
27th September, 2022

BOOING OF PRESIDENT AKUFO-ADDO AT GLOBAL CITIZENS CONCERT WAS A REFLECTION OF THE MOOD OF GHANAIAN YOUTH.

We at the National Democratic Congress (NDC) have followed with interest, discussions around the fallouts from the Global Citizens musical concert held last weekend at the Black Stars Square in Accra.

Of particular notice was the reported booing of President Akufo-Addo by the crowd that had gathered from all walks of life on that fateful day. Indeed, both the traditional and social media space has been awash with videos of the said incident in which the charged-up crowd, predominantly made up of young people, are seen hooting at the President who had made an appearance to deliver a keynote address.

Ironically, while President Akufo-Addo appeared excited and was heard proclaiming: “Ëwiase nyinaa aba Ghana”, to wit, the whole world was in Ghana, the youth would have none of that, as their joy and the electric atmosphere suddenly dissipated into an expression of anger and disapproval at the sight of their President.

The events of that day were unprecedented, as no sitting Ghanaian President, at least under the Fourth Republic, has ever been subjected to such ridicule and embarrassment.

Ordinarily, it is the business of the Akufo-Addo/Bawumia government and their handlers who by now should have come to terms with the reality of the difficult times Ghanaians are living in and that the action of the youth reflects an overwhelming vote of no confidence in their crass misgovernance and mishandling of the affairs of our dear nation.

Sadly but unsurprisingly, we have become aware of some irresponsible and ludicrous attempts by NPP hirelings and lickspittles to blame the booing of President Akufo-Addo at the said event on the NDC. This latest attempt by the NPP to blame the NDC for the monumental embarrassment that befell President Akufo-Addo at the Global Citizen musical concert is not only insulting to the sensibilities of Ghanaians but also underscores the fact that this government and their hired apologists are simply oblivious of our present reality or perhaps they are underestimating the anger of the Ghanaian people.

A hungry man, is an angry man, it is often said, but this plain truth is lost on the Akufo-Addo/Bawumia government. The frustrations expressed by the youth on that fateful day perfectly reflects the excruciating and frustrating times Ghanaians presently find themselves.

It bears reminding the ruling New Patriotic Party that the struggles of the youth are a microcosm of the daily ordeal of the Ghanaian people who must find ways to survive at a time inflation is 33.9%, with prices of goods and services skyrocketing every day. The youth expressed in the clearest terms, the daily struggles of the vast majority of our people who wake up every passing day with no hope of where their next meal is going to come from. Those young people simply gave voice to our daily struggles with unbearable prices of fuel at the pumps, high cost of living in the country.

Today, our economy lies in tatters having been plunged into an unsustainable public debt through reckless spending and excessive borrowing most of which have been spent on consumption by the Akufo-Addo/Bawumia government. Unemployment rate continues to raise and currently stands at 13.4%, the highest in nearly thirty years, despite championing lofty and grandiose rhetorics such as NABCO, YouStart, One District, One Factory, among others.

The fact that Ghana has a very youthful population, with the very active youth bracket between the ages of 15 and 24 years adding up to nearly over six million people according to the 2020 Population and Housing Census, should dawn on President Akufo-Addo that anything short of prioritizing an agenda to create sustainable and meaningful jobs will not be countenanced by the young people of this country.

Clearly, the youth of Ghana have long lost faith in President Akufo-Addo and can no longer take his empty rhetorics. Ghanaians in general can no longer identify with President Akufo-Addo and Vice President Alhaji Bawumia who continue to mismanage the economy and abuse the public purse with reckless abandon. They have no trust for leaders who continue to lie to them and have shown no genuine desire to address their worsening living conditions. This is the hard truth that the Akufo-Addo/Bawumia government must come to the terms with.

Any attempt to belittle the spontaneous angry protest of such a vastly heterogeneous crowd is to turn a deaf ear on the felt needs of the Ghanaian people. The mess that this NPP-Akufo-Addo/Bawumia government has brought upon Ghanaians will not be solved by farcical blaming of political opponents. It is about time government woke up to smell the coffee.

Signed,
Sammy Gyamfi Esq.
(National Communications Officer)

Source: Ghana/Starrfm.com.gh/103.5FM

You Might Also Like

Dr. Apaak meets stakeholders to resolve UG fee hike dispute

Manchester City completes signing of Antoine Semenyo in £64 million deal

New Juaben South MCE commends contractors for completing school and water projects in 3 months

Majority rejects minority claims of rising fear and crime under Mahama administration

Removal of Torkornoo has created some chaos in Ghana’s judiciary – Governance Expert

TAGGED:National Democratic Congress (NDC)-GhanaNew Patriotic Party (NPP)- Ghana
Share This Article
Facebook Twitter Email Print
Share
Previous Article Harmonising payments in Africa depends on harmonising payment regulation across the continent
Next Article Ho: Book on Prof. Mills’ speeches, addresses to be launched at commemorative lecture

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?