No roads, no electricity to show for govt’s extreme borrowing – Mahama

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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 describe as an 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 GHS140bn three and half years. When we left office from independence till I left office the national public debt was 122bn.

“Today, in just three and half years, it has gone from 122bn to GHS258 billion. If the roads were there for us to see we won’t mind because we will say you spend the money well.

“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 GHS140bn.”

Source: Laudbusiness.com/Ghana

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