Former Communications Minister, Dr Edward Kofi Omane Boamah, has urged the current government to pull the brakes on borrowing.
The former Spokesperson for ex-President John Mahama said in a statement that the current government was responsible for about 40% of Ghana’s total debt since independence, a testament – according to him – that the incumbent Akufo-Addo-led administration is plunging the country into a debt crisis.
“Yes, in less than three years, President Akufo-Addo’s Government alone is responsible for about 40% of Ghana’s current total debt burden since independence. In effect, whereas the mantra is, ‘Ghana Beyond Aid,’ the real mission is, ‘Ghana Begging for Aid,’” he teased.
He said Nana Akufo-Addo has plunged Ghana into “an unending vortex of unprecedented debt contrary to his promise in 2016.”
n his view, Ghana’s debt situation amounts to deception because, during the 2016 electioneering campaign, then-candidate Akufo-Addo had suggested that he would not have to borrow to develop Ghana because the country already possessed enormous wealth.
“Furthermore, the irreconcilable differences between their own words that, Ghana has so much resources and hence does not need to borrow vis-à-vis the evidence that indeed, they are borrowing excessively, is unacceptable.