Nana Addo says soon the Mahama led administration will sell everything in this country to pay off our debt considering how our national debt has ballooned from GHC9.5 billion in 2008 to GHC94. 5 billion.
Addressing students at the University of Ghana, the NPP flagbearer remarked that soon the Mahama government “would have to sell everything that Ghana owns to pay off what we owe; debts that they cannot tell you and I what they spent the money on to build.”
These massive loans being incurred by the Mahama government, according to Akufo-Addo, are being used to refinance debt instead of being invested in areas that will create jobs for the youth, the downside, according to him, being that “these same young people will have to service the debt later.
The decision by the Mahama government to abandon teachings of the Public Procurement Act, and make sole sourcing of contracts the norm has seen a corresponding massive increase in corruption, he said.
“The nation would have benefitted so much more from such public infrastructure projects as the NDC has undertaken if the public finances of our country had been honestly managed. Instead, in a phrase that has found judicial approval, we have been subject to a system of ‘create, loot and share’”, he added
Nana Addo Dankwa Akufo-Addo opined that the government in his bid to steal form the state used bodies like GYEEDA and SADA which initially set up to stimulate growth and create opportunity for the youth in the country.
“We have seen this in bodies like GYEEDA and SADA, which were ostensibly set up to stimulate growth and to provide jobs for young people. They became vehicles of corruption. So, too, it appears is the latest body, YES (Youth Enterprise Support), in which high ranking officials are already engulfed in allegations of corruption.”