Former President John Dramani Mahama has slammed the ruling government over its failure to accept responsibility.
According to him, the Nana Addo led administration has refused to exhibit contrition and sobriety in the face of the economic challenges confronting the country.
Reacting to Vice President Dr. Bawumia’s accusation that the NDC is to blame for Ghana’s debt situation and the subsequent International Monetary Fund (IMF) support request, Mr. Mahama described it as “ridiculous and comical” public displays.
He said the government cannot challenge the “irrefutable fact that our present economic situation stems from reckless election-related expenditure, mismanagement, ineptitude, and lack of proper leadership.”
“The highest form of irresponsibility is to shift responsibility to others, and irresponsible leaders are simply not worth the mandate of the people. I have recently dispelled, based on facts and figures, the false attributions made for our economic problems, but it bears repeating that none of the tall lists of excuses he made for where we are is acceptable.”
“All our neighbours were also affected by COVID-19 and exist in the same world in which the Russian-Ukrainian conflict is raging. Almost none of them have anywhere near 30% inflation, double-digit deficits, the kind of debt we have, or a debt to GDP ratio of around 90%. None of them has a higher risk of debt default than we do,” he further argued.
He added, “the often-cited GHS 25 billion used in the financial sector clean-up are self-inflicted and the result of reckless, politically motivated decision-making.”
The problems the banks and financial institutions had could have been resolved with a third of that amount and would have been recoverable in good time, he said.
He was addressing the closing ceremony of a workshop organised by the Minority caucus in Parliament.