BUSINESS NEWS
No roads, no electricity to show for govts extreme borrowing – Mahama claims
Former President, John Mahama has said the Akufo-Addo administration has borrowed more than any other government since independence yet with no corresponding projects.
He said the government would have been pardoned for what he described as excessive borrowing if there were development projects to show for.
In his view, the government cannot point to a single project that has been done out of the borrowing.
Mr Mahama, who has been touring the Savanna Region ahead of the 7 December 2020 polls, said: “This is a government that has borrowed almost GH¢140bn three and half years. When we left office from independence till I left office the national public debt was GH¢122 billion.
“Today, in just three and half years, it has gone from GH¢122 billion to GH¢258 billion. If the roads were there for us to see we won’t mind because we will say you spend the money well,” Mr Mahama claimed.
“There are no roads, there is no electricity, they have not added anything to water, there are no hospitals, there are no schools, there are no airports, no harbours, nothing and yet you have borrowed in excess of GH¢140bn,” he added.
Source: Laud Business
-
Lifestyle1 month ago
Road Safety Authority narrates how buttocks causes road accident
-
GENERAL NEWS2 months ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS1 month ago
Watch how Ibrahim Mahama rode Honda superbike to pay last respects to late friend
-
GENERAL NEWS2 months ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News2 months ago
Woman thrown out of a speeding taxi while on her way to work
-
GENERAL NEWS4 weeks ago
Deadly clash between youth and navy personnel results in two deaths at Tema Manhean
-
SHOWBIZ KONKONSAH4 weeks ago
Junior Pope’s Death: Video of John Dumelo refusing to join canoe for movie shoot over safety concerns resurfaces
-
News Africa2 months ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church