The National Chairman of the National Democratic Congress (NDC), Johnson Asiedu Nketia, has blamed the current economic crisis on the NPP, which is currently in power.
Mr. Nketia, also known as General Mosquito, claims that despite having access to a wealth of resources, President Nana Addo Dankwa Akufo-Addo‘s administration has been ineffective.
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Speaking at what the NDC dubbed the “True State of the Nation Address,” Mr. Asiedu Nketia claimed that under President Akufo-Addo, every sector had suffered, which had resulted in a high cost of living and punishing economic difficulties.
He also charged the NPP with misleading Ghanaians into believing that a portion of the money the government borrowed was used to build roads.
Only 1.6% of the country’s total budget of GH820 billion, according to the NDC Chairman, was spent on building roads.
“Despite being the luckiest and most resourced government in Ghana’s history, the Akufo-Addo/Bawumia NPP government has the least to show in terms of socio-economic development. This is because the NPP has used all your money mainly for consumption. This is contrary to the President’s claim that his government has used “a large amount of the money we borrowed on road construction.”
“The President knows he deliberately misled Ghanaians with this claim because he is aware that only a minute amount of the overall resource envelope that has accrued to his government since 2017 has been used for the construction and rehabilitation of roads in the country.
“The truth is that only an abysmal 1.6% of the total resource envelope of GH¢820 billion has been spent on roads by this government. Official Government of Ghana records show that a whopping 93% of the GHS 820 billion has been spent on consumption, including Akufo-Addo’s 20,000 Euros an hour luxurious private jet travels across the world, hired over several months at huge cost to the taxpayer.
Additionally, he charged that the Akufo-Addo administration spent more than GH30 billion of Covid-19 funds on election-related costs.
“Covid-19 brought the Akufo-Addo/Bawumia government a windfall of about GH¢30bn to manage and mitigate the impact of the pandemic. Unfortunately, this was wasted in election-related expenses,” he said.
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He added that President Nana Addo Dankwa Akufo-Addo’s claims that he could revive the economy and not just raise the dead were just political rhetoric.
He believes that the President cannot claim to know how to revive the economy because he has failed in every attempt to restore the nation’s economy.
