By: Kekeli K. Blamey
Former President John Dramani Mahama has lambasted the ruling New Patriotic Party (NPP) government for mismanaging Ghana’s economy, citing excessive borrowing as a primary contributor to the nation’s financial woes.
Addressing supporters in Kasoa and Bawjiase, Mahama expressed astonishment at the NPP’s economic ineptitude.
“The NPP’s incompetence has led to widespread economic hardship and financial strain,” Mahama stated.
“Essential commodities like Kenkey, cement, and fuel have surged in price due to poor exchange rate management.”
Mahama highlighted Dr. Michael Agyekum Addo’s tragic experience, whose business struggled due to the government’s debt restructuring program, ultimately leading to his demise.
“This heartbreaking example illustrates the overwhelming challenges Ghanaians face under this administration,” Mahama emphasized.
Mr Mahama noted the government’s $11.5 billion Eurobond debt, exacerbating economic crisis and hardship.
He criticized inadequate debt management, enabling reckless borrowing, soaring prices, including Kenkey (GH¢1.00 to GH¢5.00), which burden citizens.
Mahama reiterated his “24-hour economy” initiative, aiming to drive economic growth, enhance productivity, address market demands, mitigate excessive imports and create employment opportunities.
