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You are at:Home»Politics»Say no to those whose misgovernance has earned us one of the top African countries with highest debt with IMF – MP
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Say no to those whose misgovernance has earned us one of the top African countries with highest debt with IMF – MP

Ghana ElectionBy Ghana ElectionMay 8, 2024No Comments2 Mins Read
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Say no to those whose misgovernance has earned us one of the top African countries with highest debt with IMF – MP
President Nana Addo Dankwa Akufo-Addo
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Member of Parliament for Builsa South, Dr. Clement Apaak, has called on Ghanaians to vote out the ruling New Patriotic Party (NPP) in the upcoming general elections.

He argued that maintaining the current incompetent Nana Addo and Bawumia-led administration will further worsen the economic crisis we are facing.

The lawmaker believes the government’s commitment to its pledge to maintain a robust economy has destroyed what was handed over to him by former President John Dramani Mahama.

He lamented that the current government has destroyed the economy to the point that Ghana has been rated as one of the top African countries with the highest debt by the International Monetary Fund (IMF).

Data available suggests that the total global outstanding debt owed to the IMF stood at $149bn on April 2, 2024, or 112.9bn in special drawing rights (SDRs), as its loan portfolio has expanded following a number of recently agreed bailouts for ailing developing economies.

Ghana is part of three other African economies that round out the top 10 debtors.

The IMF approved a bailout for Ghana to address its economic crisis.

The country has struggled with high levels of public debt, and higher interest rates have undermined the economic recovery of the country, especially from the COVID-19 pandemic.

Reacting to this, Dr. Apaak indicated that the economic crisis Ghana was encountering was self-inflicted.

He slammed the government, accusing it of misappropriating funds, engaging in inassible corruption, and engaging in corruption-related activities that undermined the economy.
To that end, he has underscored the need for voters to vote them out in the December 7, 2024, general elections.

He stressed that the government has not been prudent but has engaged in excessive expenditure, unprecedented levels of borrowing with nothing to show for them, and most importantly, has failed to be accountable and transparent to the people.

He said Ghanaians have to say no to those whose misgovernance has earned us this embarrassing record.

 

Source: rainbowradioonline.com

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