Former President of Ghana, John Dramani Mahama, has stated that the people of Ghana continue to inquire as to where the money borrowed by the current government has gone, but that no answers have been provided.
He claimed that while the opposition New Patriotic Party (NPP) chastised his government for borrowing, the people of Ghana could point to tangibles in terms of infrastructure under his rule.
However, the same cannot be said of the current administration, as Ghanaians continue to wonder where the borrowed funds have gone.
As part of his “Thank You” tour across the Region, the former President stated this in an interview with Bolgatanga-based URA Radio.
He inquired, “We were chastised by our successors for over-borrowing, but a lot of what we borrowed for was visible to the public.” You are a witness to what has happened several years later. The overall state debt has increased from 120 billion cedis to around 400 billion cedis. The most common question among Ghanaians is, “What have we done with this money?”
The current government’s Agenda 111, according to the former President, is an afterthought that came when the Nana Addo DFankwa Akufo-Addo government understood the pressure to show where all the borrowed funds were channelled.
“It appears that the majority of it has gone toward consumption rather than providing the infrastructure that we require. It was only as an afterthought that they realized we needed to do some infrastructure work. As a result, Agenda 111 has been concocted. There is no openness as to how the money will be obtained. Is it going to be additional borrowing when we already have such a large financial burden on our shoulders? If they were willing to open up, we could come to an agreement on all of these things.”