{"id":348307,"date":"2017-02-22T04:24:12","date_gmt":"2017-02-22T04:24:12","guid":{"rendered":"http:\/\/ghana-mma.com\/2017\/02\/22\/akufo-addo-in-quagmire-ricketts-hagan\/"},"modified":"2017-02-22T04:24:12","modified_gmt":"2017-02-22T04:24:12","slug":"akufo-addo-in-quagmire-ricketts-hagan","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/02\/22\/akufo-addo-in-quagmire-ricketts-hagan\/","title":{"rendered":"Akufo-Addo in quagmire \u2013 Ricketts-Hagan"},"content":{"rendered":"<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">General News of Tuesday, 21 February 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>Classfmonline.com<\/p>\n<p>2017-02-21<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ghanamma.com\/wp-content\/uploads\/2017\/02\/28171342.295.jpg\" alt=\" Kweku Rickets Hagan Min\" title=\" Kweku Rickets Hagan Min\" width=\"295\" height=\"181\" \/><span class=\"image_caption\"><span>Kweku Ricketts-Hagan, former Deputy Minister of Finance<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=148603782445165\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=148603782445165\"><br \/>\n\t\t  <img decoding=\"async\" src=\"http:\/\/ghanamma.com\/wp-content\/uploads\/2017\/02\/1487737452_137_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript>\n\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">President Nana Addo Dankwa Akufo-Addo is having a tough time implementing the litany of promises he made to Ghanaians ahead of last year\u2019s elections, hence his resort to the blame game during his delivery of the State of the Nation Address in parliament, George Kweku Ricketts-Hagan, a former Deputy Minister of Finance, has said.<\/p>\n<p>President Akufo-Addo, while reading the address, said among other things: \u201cGhana\u2019s debt stock now stands at 74% of GDP, after all the previous denials to the contrary,\u201d adding: \u201cAs of the beginning of 2009, Ghana\u2019s total debt stock was GHS9.5 billion. By the end of 2016, the debt had ballooned to GHS122 billion.\u201d<\/p>\n<p>He said the interest costs on this debt had also increased and would amount to an estimated GHS14.1 billion in 2017.<\/p>\n<p>\u201cIn fact, 92% of Ghana\u2019s total debt stock was incurred in the last eight years under the previous government,\u201d he said.<\/p>\n<p>Nana Akufo-Addo said total projected expenditure for 2016 was GHS43.9 billion (26% of GDP) but actual expenditure amounted to GHS50.3 billion (30.2% of GDP).<\/p>\n<p>\u201cIt appears, from what we are finding out, that some GHS7billion of arrears and outstanding payments circumvented the public financial management system,\u201d while \u201cthe total revenue target for our country was GHS37.9 billion (22.7% of GDP) but the actual revenue came in at GHS33.2 billion (19.9% of GDP),\u201d the president added.<\/p>\n<p>But Mr Ricketts-Hagan, who is also Member of Parliament for Cape Coast South, told the media after the president\u2019s address: \u201cYou can come up with some policies to win an election but opposition is for talking and government is for doing.<\/p>\n<p>\u201cWhen you talk the talk, and you get elected you must walk the talk. And at the moment the government of President Nana Akufo-Addo is having serious challenges in making sure that some of the programmes that they talked about are executed.<\/p>\n<p>\u201cYou cannot just come and make such statements thinking that that will actually give you a way to get out of what you have promised that you will do. It is time for Nana Akufo-Addo\u2019s government to do the things that they promised the Ghanaian people which is in their manifesto that has been documented, it is time to do the walking and stop the talking.\u201d<\/p>\n<p><!-- uploaded by: 38 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p><a href=\"http:\/\/www.ghanaweb.com\/GhanaHomePage\/NewsArchive\/Akufo-Addo-in-quagmire-Ricketts-Hagan-512314\">Source: Jataba.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>General News of Tuesday, 21 February 2017 Source: Classfmonline.com 2017-02-21 Kweku Ricketts-Hagan, former Deputy Minister of Finance President Nana Addo Dankwa Akufo-Addo is having a tough time implementing the litany of promises he made to Ghanaians ahead of last year\u2019s elections, hence his resort to the blame game during his delivery of the State of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-348307","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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