Former President John Dramani Mahama has called on the Akufo-Addo government to apologise to Ghanaians for “deceiving” them into believing the New Patriotic Party was not going to borrow once it won the 2016 elections and formed a government.
Mr. Mahama’s comment comes on the heels of a statement made by President Nana Addo Dankwa Akufo-Addo at the 2018 Tony Elumelu Foundation Entrepreneurship Forum in Lagos, Nigeria over the weekend, where he said his government will borrow money because everybody borrows.
“Many developed nations borrow, America and all other countries borrow and use it wisely. We’re not taking aid from China”, President Akufo-Addo said.
While in opposition, the then-candidate of the NPP, Nana Akufo-Addo, now president; and his then-running mate, Dr. Mahamudu Bawumia, now Vice-President, said Ghana has all the resources she needs to develop, and, therefore, there was no need for the then-Mahama government to borrow.
Addressing delegates of the Trobu constituency to kick-start his five-day campaign tour of the Greater Accra Region, Mr. Mahama, who is one of 12 flag bearer aspirants of the main opposition National Democratic Congress (NDC), advised the government to stop the “hypocrisy,” eat humble pie, and apologise to Ghanaians.
He said every government needs to borrow to invest in assets. He, however, cautioned the government against over-borrowing.
Mr. Mahama said: “When we criticise them [NPP], they don’t understand. The problem is not that something is bad, nobody ever said borrowing is bad. When we were in government, we didn’t say borrowing is bad, you borrow to invest in assets and everyone knows that, and when we were in government, we borrowed to invest in assets, we built hospitals, we built roads, we built interchanges, we extended electricity, we provided water, we expanded the port, we did all these projects, it was they [NPP], who said borrowing is bad.