The flagbearer of the National Democratic Congress (NDC), Mr. John Dramani Mahama, has asked President Akufo-Addo to show what he has done with the GHS140 billion that his government has borrowed since assuming office.
Mr. Mahama said despite the Akufo-Addo government 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 former president 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 GHS140 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 GHS54 billion and Ghanaians could visibly see what we used the money for, in the area of roads, water, electricity, airport, harbor, 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.