Home News NDC As Alternative Gov’t Scary!…NPP Cautions, Says Mahama Virtually Collapsed Economy

NDC As Alternative Gov’t Scary!…NPP Cautions, Says Mahama Virtually Collapsed Economy

4 min read
0
0
379

By Frank Amponsah

The ruling New Patriotic Party (NPP) has said it will be fatal for Ghanaians to entrust the country’s resources, including its bright future into the hands of John Mahama and his NDC.

According to the party, Ghanaians must take critical look at the rate of development and growth that is happening under the Akufo-Addo-led administration and that it will be the “biggest mistake” if Ghanaians again put the future of Ghana into the hands of a ‘Redenominated’ John Mahama.

The NPP said the previous Mahama administration virtually grounded the economy by taking oil-rich Ghana from a growth path of 14% to 3.4%.

This was announced by the NPP General Secretary, John Boadu at a press conference in Accra yesterday, Sunday, April 7, 2019.

According to him, John Mahama has nothing new to offer Ghanaians other than the incompetence and corruption Ghanaians witnessed under his tenure.

He said: “Say No to a redenominated candidate (Mahama) for he never changes. Mahama – the Value is the same. More importantly, the NDC alternative under Mahama is still scary.”

Mr. Boadu pointed out that the record of Ghana’s Fourth Republic in the areas of growth and economy is obvious that the NPP builds and develops while the NDC has a penchant to destroy and erode the gains made, adding that “NDC took us to HIPC but did not have the courage to admit it even though it was under an IMF programme in 2000. It took President Kufuor to have the bulk of Ghana’s debt written off and get Ghana out of the IMF programme. Not only that, NPP, through the focused operations of GNPC, made Ghana an oil rich nation but left office before a single barrel of Jubilee oil could be produced.”

“Also, the NPP under President Kufuor left office with Ghana’s first credit rating taking us to B+. Before that we were not even rated. Credit rating is necessary for both government and business to transact business and borrow internationally. After eight years of NDC economic management our rating went down from B+ to B-. Yes, B minus under John Mahama! After only 20 months of NPP under Nana Addo Dankwa Akufo-Addo, we have already been upgraded from B- to B. Our upgraded credit ratings earned us an oversubscribed Eurobond issue in multiples of seven at the lowest coupon rate and longer maturity Ghana has ever had,” he expatiated.

The NPP’s general secretary was tickled that instead of apologising to Ghanaians on how he wasted public funds, Mr. Mahama is busy using those same dubious infrastructure projects at “outrageous inflated prices” as his 2020 campaign. “This is the height of reckless arrogance,” Mr. Boadu noted.

Load More Related Articles
Load More By admin
Load More In News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Ivory Coast Government Delegation Understudy NLA

The National Lottery Authority (NLA) led by the Director-General, Hon. Kofi Osei-Ameyaw on…