{"id":1065755,"date":"2022-04-24T19:42:07","date_gmt":"2022-04-24T19:42:07","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/04\/24\/akufo-addo-used-33bn-covid-19-money-on-2020-election-mahama\/"},"modified":"2022-04-24T19:42:07","modified_gmt":"2022-04-24T19:42:07","slug":"akufo-addo-used-33bn-covid-19-money-on-2020-election-mahama","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/04\/24\/akufo-addo-used-33bn-covid-19-money-on-2020-election-mahama\/","title":{"rendered":"Akufo-Addo used $33bn Covid-19 money on 2020 election &#8211; Mahama"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/04\/maxresdefault-42-1024x576.jpg\" \/><\/p>\n<div>\n<p><div class=\"youtube-embed\" data-video_id=\"AGg3B4GShWA\"><iframe loading=\"lazy\" title=\"Mahama accuses Akufo-Addo of blowing $33bn Covid money on 2020 election campaign\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/AGg3B4GShWA?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<p>Former President John Mahama has accused President Akufo-Addo of misappropriating monies meant for Covid-19 relief.<\/p>\n<p>According to him, the President channelled some $33 billion earmarked to offset the pandemic\u2019s grave implications into his 2020 re-election bid.<\/p>\n<p>For this reason, Mr Mahama believes, the said amount supposed to have been sunk into the economic restoration measures is yet to be accounted for.<\/p>\n<p>The former President made these allegations during the 24<sup>th<\/sup> African Business Conference organised by the Harvard Business School.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>Ghana is currently facing a financial downturn, an unstable currency and worsening debt distress levels which have forced the NPP-led administration to implement bullet-biting measures to the dismay of the public.<\/p>\n<p>During his keynote address on April 23, 2022, John Mahama acknowledged the efforts of countries that are successfully returning to a good footing through fiscal discipline and judicious application of their resources during the crisis.<\/p>\n<p>But the situation in Ghana is not a good example worth trumpeting, according to the 2020 NDC flagbearer.<\/p>\n<p>\u201cGhana\u2019s fate was easy to predict with the cavalier handling of the economy by the current administration. We went into the pandemic without adequate buffers, and have emerged with a terribly battered economy,\u201d he said.<\/p>\n<p>\u201cTo make matters worse, the pandemic windfall of over GH\u00a233 billion which could have cushioned the economy remains unaudited and is believed to have been used largely in the quest to win the 2020 elections at all cost,\u201d Mr Mahama told the gathering.<\/p>\n<p>The former President also took threw light on the pandemic\u2019s devastating effects on the African continent citing the Economic Commission of Africa\u2019s (ECA) research which found that \u201cCovid-19 created the continent\u2019s worst recession in 50 years with real GDP shrinking by an average of 3% in 2020.\u201d<\/p>\n<p>\u201cBefore the pandemic, poverty reduction was already a major challenge. The pandemic is estimated to have dragged about 55 million more people into poverty in Africa and exposed another 46 million more to the risk of hunger, and malnourishment. Indeed 70% of hunger in Africa, which had already been on the rise since 2014 is directly attributable to this pandemic.\u201d<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"wyZnFnfkioE\"><iframe loading=\"lazy\" title=\"Adom TV Live Stream\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/wyZnFnfkioE?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former President John Mahama has accused President Akufo-Addo of misappropriating monies meant for Covid-19 relief. According to him, the President channelled some $33 billion earmarked to offset the pandemic\u2019s grave implications into his 2020 re-election bid. For this reason, Mr Mahama believes, the said amount supposed to have been sunk into the economic restoration measures [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1065757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[9837,648,261,1386,1125,383],"class_list":["post-1065755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-33bn","tag-akufoaddo","tag-covid19","tag-election","tag-mahama","tag-money"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1065755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1065755"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1065755\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1065755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1065755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1065755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}