John Dramani Mahama, the Presidential Candidate for the National Democratic Congress (NDC), has criticized the ruling New Patriotic Party (NPP) for driving many Ghanaians into financial hardship through what he termed as “reckless” borrowing and economic mismanagement.
Addressing supporters at a rally in Kasoa, Awutu Senya East Constituency in the Central Region, Mr. Mahama pointed to the recent passing of Dr. Michael Agyekum Addo, CEO of Mikado, as an example of the impact of the government’s debt exchange program. He highlighted how Dr. Addo had publicly shared his financial struggles due to the debt exchange, which impacted his life savings, ultimately underscoring the financial strain facing many Ghanaians.
Mr. Mahama argued that the debt exchange was necessitated by the government’s excessive borrowing, totaling $11.5 billion, which has negatively affected citizens, as seen in Dr. Addo’s experience. He further noted that this hardship reflects a broader issue impacting numerous Ghanaians under the current administration.
In contrasting the current economic challenges with his time in office, Mr. Mahama pointed out infrastructure developments such as interchanges, schools, and lorry stations in Kasoa, which he said fostered growth and opportunity. “In 2016, I wouldn’t say all was perfect, but it was better than now,” he added.
Mr. Mahama assured his audience that an NDC-led government would focus on rebuilding the economy through investments in agriculture, manufacturing, and the creative sectors, as outlined in their 2024 manifesto. He emphasized that the NDC aims to establish a 24-hour economy to spur business growth, development, and job creation.
Reflecting on the NDC’s previous tenure, he pointed to accomplishments in infrastructure, such as roads, power generation, and educational institutions, which he believes lay a strong foundation for economic recovery. He concluded by saying that during his engagements across the country, citizens have expressed the urgent need for responsible governance and economic reform to ease the burden on ordinary Ghanaians.
