Kennedy Osei Nyarko, the Member of Parliament for Akim Swedru, has raised concerns about the economic management under the National Democratic Congress (NDC) government.
According to Osei Nyarko, in just 15 months in office, the NDC administration has borrowed a staggering 17 billion cedis to pay for the compensation of public sector workers.
This revelation comes at a time when the government has been touting its economic success, claiming that Ghana’s Gross Domestic Product (GDP) has expanded to $100 billion, inflation is at 3.3%, and the exchange rate stands at 10.89. With such seemingly positive figures, the MP argues that the government should be able to generate enough revenue to meet its obligations without resorting to borrowing.
“I don’t remember anytime in the entire 8 years of the Akufo-Addo (NPP) administration that they resorted to borrowing money to pay for the compensations of public sector workers,” Nyarko emphasized, drawing a stark comparison with the previous government.
He further added, “Yet we accused the NPP Government of criminally managing the economy, but now we see the NDC engaging in similar practices.”
Source: metrotvonline.com
