Show one project after borrowing GHS140bn – Mahama to Prez. Akufo-Addo

• Posted on October 1, 2020October 1, 2020
• by Nana Kwesi Coomson
• Comment

Flagbearer of the National Democratic Congress (NDC), Mr John Dramani  Mahama, has asked President Akufo-Addo to show what he has done with the GHC140  billion that his government has borrowed since assuming office.

Mr Mahama says despite the Akufo-Addo regime taking more than twice the amount of  loans the Mahama administration took, the president has not embarked on any major  development project 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 as many communities are lamenting the  absence of development projects.

Mr Mahama said the government’s GHC140 billion loans constitute a significant addition to  the national debt stock, yet the president and his officials cannot point to development  projects.

“When I was in government, we borrowed 54 billion Cedis and Ghanaians could visibly see  what we used the money for, in the area of roads, water, electricity, airport, harbour, and  schools, among others”, he explained.
Mr Mahama said the then opposition New Patriotic Party (NPP) accused the NDC  government of borrowing too much, thereby promising to develop Ghana without taking  loans.

“But after staying in office for four years, do you know the money they have borrowed?”, he
quizzed.

By Laud Nartey