The National Communications Officer of the National Democratic Congress (NDC), Sammy Gyamfi, has stated that Ghana’s main problem is not a lack of money but misplaced priorities.
He pointed out that Ghana’s public debt has surged by six hundred and forty-one- billion USD
The NDC Communicator noted that while the late Presidents Mill and John Mahama borrowed 4.7 billion USD from the European bond market over eight years, the current New Patriotic Party (NPP) administration has borrowed $11 billion in just six years.
Speaking on JoyNews Newsfile, Mr Gyamfi said, “What did they use the money for? The net effect of what they did with the money is the bankruptcy we find ourselves in. The problem is not inadequate funds.”
He stated that while the government blames COVID-19 and the Ukraine conflict for the country’s bankruptcy, neighboring nations such as Côte d’Ivoire, Togo, and Burkina Faso, which faced similar challenges, are not experiencing bankruptcy.
“How did COVID-19 jump all these countries and only come to destroy our nation?”.
Mr Gyamfi alleged that the government spent 4.5 million Cedis in a single day during a cabinet retreat in 2021.
He added that while the NDC managed the government machinery with a budget of seven hundred million Ghana Cedis when leaving office, the allocation has now increased to over 2 billion Cedis.
“Look at the money they have wasted on that useless pit they call the Cathedral—58 million USD equivalent to 928 million cedis. Besides the debt we owe the contractor, if you add that, that is close to 2 billion Ghana Cedis.
“And you tell me we can’t find just about three hundred million to support newly admitted WASSCE candidates who are struggling to pay their school fees so they can pursue their careers? Mr Gyamfi argued to defend the NDC’s promise to absorb academic fees for level 100 university students.
“The problem lies with corruption, waste, and misplaced priorities” he noted.
Source: myjoyonline.com
