Dr. Gideon Boako writes: The $10 Billion Mantra: From STX to New Economy, Mahama’s Favorite Hoax
The NDC has a deja vu problem. Whenever President John Dramani Mahama needs a headline, the figure is always the same: $10 billion. In 2009, it was the STX deal. In that deal $10 billion for 200,000 houses in five years was announced. Parliament approved the first tranche in August 2010 — 30,000 units for […] The post Dr. Gideon Boako writes: The $10 Billion Mantra: From STX to New Economy,…
Dr. Gideon Boako's article highlights the recurring $10 billion promise by President John Dramani Mahama's New Patriotic Party (NPP), which has failed to materialize. From the STX deal in 2009 to the Hope City project in 2013 and the Big Push Infrastructure Programme in 2020, the figure remains the same, but the projects have not been delivered.
Critics argue that this strategy is nothing more than political rhetoric, with no funding, financing structure, investor list, or Act of Parliament to support these grandiose claims. The article also points out the human cost of these empty promises, as government officials struggle to pay salaries to public servants while making extravagant promises to boost the economy.
Written by urgent.news from The Chronicle Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
