Ghana's economy is retrogressing under Nana Addo - NDC MPs

The minority accused the Nana Addo administration of borrowing over 165 billion cedis in four years with very little to show for it

Ghana's economy is retrogressing under Nana Addo - NDC MPs

The Minority in Parliament say President Akufo-Addo has performed woefully in managing Ghana's economy.

The NDC MPs reaction comes after the President delivered his first State of the Nation address of his second term on Tuesday, March 9 2020.

Delivering the State of the Nation Address, President Akufo-Addo stated among other things that there had been no food shortages in Ghana despite the Covid-19 pandemic. He, however, failed to touch on the country’s debt stock.

But NDC MP for Asunafo South Eric Opoku accused the Nana Addo administration of borrowing over 165 billion cedis in four years with very little to show for it.

The minority spokesperson on Agriculture further disclosed that the IMF has cautioned the government it’s likely to default in the Sinohydro bauxite barter agreement with the Chinese government.

According to Eric Opoku, any such development will lead to the Chinese taking ownership of the said bauxite deposit at Atewa without the country realizing the benefits.

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Bolgatanga Central MP Isaac Adongo also stated that the President’s attempt to blame the Covid-19 Pandemic for the poor showing of the country’s economy cannot stand.

According to him, the pandemic only exposed the underlying conditions of an already ailing economy due to mismanagement. Adongo argued that the country’s economy is retrogressing.

However, the majority argued otherwise hailing the President’s achievements over the past four years. MP for Okaikoi Central Patrick Yaw Boamah who moved the motion to set the ball rolling scored the president high marks in the management of the Covid-19 pandemic