President Akufo-Addo has shot down assertions that he has been reckless in borrowing and ballooning Ghana’s debt situation.
The President in his 2023 State of the Nation Address delivered on March 8, 2023, firmly declared that he has been prudent contrary to the assertions that he has been reckless.
“Beyond the use of COVID funds, there are legitimate questions being asked about how the country’s debt situation got where it is.
Mr Speaker, let me state emphatically that we have not been reckless in borrowing and in spending. It is worth noting that the debts we are servicing were not only contracted during the period of this administration.”
He told the parliamentarians that he has spent the loans contracted on projects including roads, bridges, schools and among others.
“Mr Speaker, we have spent money on things that are urgent, to build roads and bridges and schools, to train our young people and equip them to face a competitive world. Considering the amount of work that still needs to be done on the state of our roads, the bridges that have to be built, considering the number of classrooms that need to be built, the furniture and equipment needs at all stages of education, considering the number of children who should be in school and are not, considering the number of towns and villages that still do not have access to potable water, I daresay no one can suggest we have over borrowed or spent recklessly.”
He added “Yes, I have been in a hurry to get things done, and this includes massive developments in agriculture, education, health, irrigation, roads, rails, ports, airports, sea defence, digitisation, social protection programmes, industrialisation and tourism. We can be justifiably proud of the many things we have managed to do in the past six (6) years. As I go around the country, I hear the pleas for roads, schools, hospitals, and, as the rainy season comes, I wish, as every other Ghanaian does, that we would have built more drains than we have. And I wish we had the resources to do more.”
By: Rainbowradioonline.com/Ghana
