Mahama Challenges Akufo-Addo to Present the Projects Funded by the Loans they’ve Acquired

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Mahama challenges Akufo-Addo to present projects funded by acquired loans. Stay informed on political debates. Read now!

Former President John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has challenged the Akufo-Addo administration to demonstrate to Ghanaians the projects that have been initiated with the loans contracted during their tenure. According to Mr. Mahama, there is a lack of tangible projects to justify the loans taken.

Mr. Mahama accused the current government of burdening the future of Ghanaian youth with extensive debts resulting from these loans. He emphasized that it will ultimately be the youth who will bear the responsibility of repaying these debts, not President Akufo-Addo and his ministers.

Speaking at an event in the North East as part of his building Ghana tour, Mr. Mahama highlighted the concerning levels of debt accrued under the current administration. He illustrated this by stating that if the debt were to be divided among the population, each individual would owe 4000 Cedis based on the debt accumulated in 2016.

“Today, if we say we are going to divide the debts, all of us are given Ghana up, we will pay our debts and go, and so we are going to share the debt for everybody to pay, every one of you here owes 20,000 Cedis.

The point is even, the errubond alone, in six years the president’s cousin, the Finance Minister borrowed 13.5 billion Dollars and if we had seen highways, bridges, regional hospitals, universities, schools, water, electricity, we would say that money was well spent. but after after 13.5 billion Cedis, just show me in the North East here, what transformation has happened in the North East here over the last seven and a half years.

He added “And so you just can’t understand and that is why I am saying they have mortgaged your future because that money, it is not them who will are going to pay it, people are celebrating their 80th birthday and Ghana is and Ghana is owning 650 billion, you think they are going to pay the 650 billion? Who is going to pay? You those sitting here, you the young people, that debt they had left is a debt for you to come and pay.”

Source: 3news

 

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