Attah Issah accuses Akufo-Addo govt of engaging in reckless borrowing

Atta Issah, a Member of Parliament from Sagnarigu Constituency, has criticized the previous New Patriotic Party (NPP) government for engaging in reckless borrowing. In an interview on TV3's Key Points on November 14, Issah claimed that if not for the previous administration's excessive borrowing, the Agenda 111 project would have been completed.

Dr. Theo Acheampong, a technical advisor at the Ministry of Finance, stated that the Mahama administration was committed to avoiding the mistakes of the past. He explained that drastic measures needed to be taken to prevent the same hardships imposed on Ghanaians by the previous government. One of these measures was the introduction of the commitment authorization regime, aimed at bringing more discipline and sanity to the financial system.

During the budget presentation on November 12, Finance Minister Dr. Cassiel Ato Forson emphasized that the government would judge economic growth based on the number of jobs created and the income generated. He assured Ghanaians that the government would focus on protecting the economic recovery by increasing fiscal discipline and presenting the benefits to the people.

Dr. Forson highlighted that Ghana has made significant progress and emerged from its worst economic crisis, restoring stability, confidence, and hope for the nation. Despite this, Forson noted that the debt restructuring had imposed severe hardships on the Ghanaian people, and the country still needed to build resilience into its growth.

Prior to the budget presentation, Government Communications Minister Felix Kwakye Ofosu mentioned that the New Economy outlined in the 2027 budget statement would focus on creating jobs for the youth and transforming the economy over the next four years. The New Economy was not a casual business initiative but a government program designed to bring incentives to the private sector and promote economic growth.