18th September 2023 10:33:54 AM
2 mins readMinority leader in Parliament, Dr Ato Forson, has highlighted the economic successes chalked up by the erstwhile Mahama-led government prior to the NPP government in 2017.This has become imperative following claims by the Finance Minister, Ken Ofori-Atta, that the Akufo-Addo-led administration inherited an indebted economy from former President John Dramani Mahama.According to Mr Ato Forson, these are mere allegations without basis.
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He argued that the Mahama-led government ensured the economy was in a stable position before leaving office."The people of Ghana would recall that because the Mahama administration left behind a robust economy, the Akufo-Addo/Bawumia government within the first three months of its assumption of office was able to borrow US$2.25 billion from Franklin Templeton.
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"Today, that same Franklin Templeton will not lend Ghana even one Dollar because the country is not credit worthy."The Minister of Finance should carry his mess and his shame. He should not bring the NDC into matters that border on his greed, state capture for his family and friends as well as his monumental failure in public office.
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We did better than they are doing and the NDC will always do better when the good people of Ghana give John Mahama and our party the opportunity to govern from January, 2025," he wrote.Below is a list of the achievements chalked under the Mahama government.
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A public debt that was sustainable at 56% of GDP ( which has increased public debt to 103% of GDP with very little to show by the NPP government)Sinking Fund, Stabilisation Fund, Ghana Infrastructure Investment Bank (GIIF), Ghana EXIM Bank Robust tax revenueOil revenue from three oil fields Government Integrated Financial Management Systems (GIFMIS)Credit rating of B+ (currently rated D, a super junky economy under Akufo-Addo
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government)
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