Former President John Mahama has accused President Nana Akufo-Addo’s administration of “irresponsible borrowing practices,” claiming that they usually used the funds to “eat frozen chickens and grow fat” rather than investing for tangible returns.
According to him, while he borrowed a total of $3.5 billion during his time in office, President Akufo-Addo’s administration has reportedly borrowed a “staggering” $13.5 billion in “just” six years.
“With all the massive infrastructural development you see, we went to the Eurobond market and borrowed only $3.5 billion, and we have projects to pinpoint. But this government, in just six years, went to the Eurobond market and borrowed $13.5 billion. And the tragedy of it is that with this money, they used it to eat frozen chickens and grow fat,” he said.
He explained that with the $13.5 billion the government borrowed, it could have used part of the money to construct an asphalt highway from Tamale to Bolgatanga and Wa.
The former president made this known during his tour of the Upper East Region.
He added, “The sad part is that anytime questions are raised about the irresponsible borrowing practices, they (the government) will run to the COVID-19 pandemic as the cause. I want to know, is Ghana the only country that got hit by the pandemic?”
He therefore assured the chiefs and people of the Upper East Region that if elected, he would respond to the development needs of the region.
Source: A1radioonline.com|101.1MHz|Moses Apiah|Ghana