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COVID-19 cannot be used as an excuse for the ballooned debt- Sammy Gyamfi to Gov’t

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The Communication Officer of the National Democratic Congress, Sammy Gyamfi has said that government cannot blame COVID-19 for the ballooned debt the country has incurred.

Addressing a press conference yesterday, Mr Gyamfi said “It is important to make the point, that the attempt by the failed Akufo Addo-government to blame our ever-worsening debt position on COVID-19 is untenable and laughable to say the least. This is because, our public debt was already increasing at an alarming rate and had reached unsustainable levels, with a debt to GDP ratio of 63%, even before we were hit by the coronavirus pandemic in March 2020. Therefore, the claim by government spokespersons that COVID-19 is what has accounted for our current unsustainable and catastrophic debt situation, is not borne out by the facts.”

He said that even after the debt, President Nana Akufo–Addo cannot account for what the money was used for unlike John Mahama who can.

“What is even sad and bizarre about the unsustainable and catastrophic debt situation President Akufo-Addo has plunged Ghana, is that this government cannot show any significant or self-financing projects that their unprecedented borrowings have been used for. Unlike President Mahama, who can point to many tangible, significant and in some cases, self-financing projects that he undertook with the about GHS70 billion he added to the public debt during his tenure in office, President Akufo-Addo cannot boast of any significant or self-financing projects he has undertaken with the over GHS138 billion he has added to the country’s Public debt in the last three (3) and half years.” he continued.

“For instance”, Mr Gyamfi noted, “whereas, President Mahama can boast of dozens of hospitals and health facilities such as the Greater Accra Regional Hospital (the Ridge Hospital), the University of Ghana Medical Centre, the Ga East Municipal Hospital, the Upper West Regional Hospital, the rehabilitation of the Upper East Regional Hospital, among others, President Akufo-Addo cannot boast of a single hospital he has built for Ghanaians since he took office. Also, whereas President Mahama can boast of commencing the construction of 123 new Community Day Senior High Schools (E-Blocks), 46 of which he fully completed, President Akufo-Addo cannot boast of a single secondary school he has built since 2017, despite his unprecedented borrowings.” he mentioned.

Sammy Gyamfi however accused President Akufo-Addo showing little out of the many resources inherited when he came into. He also said the President’s misplaced priority is the reason Ghana has debt on its hands.

Source: Ghana Waves

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