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Thursday, May 30, 2024

Ghana owes GHS650bn but someone is celebrating his 80th birthday; who will come and pay? – Mahama –

The flagbearer of the National Democratic Congress (NDC) Former President John Dramani Mahama has accused the Akufo-Addo administration of having nothing to show for the borrowing that has been done over the last seven and a half years.

Mr Mahama further accused the government of mortgaging the future of the Ghanaian youth with the loans that have been contracted.

Addressing a gathering in North East as part of his building Ghana tour on Tuesday, April 16, Mr Mahama said “In 2016 if we divided the debt, if we all decided that we were going to pack our bags and leave Ghana and so let us share the debt and everybody should pay his and then we will go. If we divided the debt, all of us would have paid 4000 Cedis.

“Today, if we say we are going to divide the debts, all of us are giving 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 Eurobond 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 the money was well spent. But 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 are going to pay it, people are celebrating their 80th birthday and Ghana is owing 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.”

3 news.com

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