The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has accused the government of mismanaging an $11.5 billion loan facility acquired over the past eight years, claiming that if properly utilized, the funds could have transformed Ghana into a development hub like Dubai.“President Nana Addo Dankwa Akufo-Addo borrowed to a tune of $11.5 billion just within 5 years.

0

Despite all the developmental projects that I championed when I was president, we only borrowed to the tune of $3.5 billion,” Mahama said.“If I had borrowed to the tune of $11.5 billion when I was president, Ghana would have been developed like Dubai," he added.

1

Speaking to the Muslim community during a special prayer service at the Great Hall of the Kwame Nkrumah University of Science and Technology (KNUST) in the Ashanti Region, Mahama contrasted the performance of the current government with his own tenure as president.He highlighted that during his administration, a $3.

2

5 billion loan was used to finance major infrastructure projects, including the expansion of Tema Harbour and the construction of Terminal 3 at Kotoka International Airport.

3