
Audio By Carbonatix
The last four years of the National Democratic Congress administration have been very disappointing to Ghanaians.In the last four years, the NDC government contracted the biggest loans in the history of this country. The debt stock rose from $8 billion to $18 billion, that is an increase of about $10billion in just four years.In addition, the NDC government has been the only government to benefit from the much sought after oil economy. In the last two years alone, the government has benefitted from $1.5 billion of oil revenue. In addition, the NDC government, last year, alone overspent the budget by GH¢8.7 billion (over $4 billion) or 87 trillion old cedis.This is not the budget.The budget that was approved for 2012 in February was spent. A supplementary budget was approved by parliament in the middle of the year and that too was spent. The GH¢8.7 billion was the extra amount spent in excess of the total 2012 budget.The big question is, after all of these huge loans, oil revenues, and profligate speeding, what do Ghanaians have to show for? Rationing of electricity,, (i.e. dumsor dumsor), rampant and perennial gas shortages, rationing of water, acute unemployment, harsh cost of living, and poor state of public services, amongst other have been the lot of Ghanaians over the last several months. On top of all that, we still have GH¢5.4 billion arrears still owed to SSNIT, NHIA, COCOOD, GETFund, DACF, contractors, etc.The government says it had to spend a lot because of single spine. But the same government used Single Spine as a vote winning boast, broadcasting how it had done very well in enhancing the salary structure. Today, the same government is saying its woes are due to single spine.The government boasts of a growth rate of about 7.5% for 2012. It is shameful that oil rich Ghana under the NDC is growing slower than the 8.4% growth rate, a non-oil economy under the NPP achieved in 2008.Neither the President’s state of the Nation Address nor the Finance minister’s budget statement offered any concrete, credible solution to these dire difficulties Ghanaians have been going through.The NDC administration, after four years, has handed over to itself an economy that in the words of President Mama is down to the bone” and a nation that is in extreme distress.......Signed......Nana AkomeaNPP Communications Director
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ayigboe residents fear disaster as ECG delays repairs on live faulty cables
8 minutes -
PIAC urges investment as oil production falls
11 minutes -
Trump says US military to stay around Iran; threatens action if Tehran fails to comply with deal
54 minutes -
Only 6% insured locally – Prof. Gyampo exposes cracks in import regime
1 hour -
Thousands of containers lost at sea – GSA’s Prof Gyampo warns importers are exposed to risk
1 hour -
Keep the money in Ghana – Gov’t enforces local cargo insurance
2 hours -
US Army veteran charged with leaking classified information to journalist
2 hours -
Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
2 hours -
Trump administration cannot nix legal status of 5,000 Ethiopians, US judge rules
2 hours -
Libya announces new oil and gas discoveries with three major energy companies
2 hours -
Oil rises as investors remain wary US-Iran ceasefire will open supply flow
3 hours -
Police arrest suspect over church threat video
5 hours -
Eight appear in court as police intensify crackdown on illicit drugs in Tamale
5 hours -
Motorist remanded in custody for hitting four-year-old girl
5 hours -
Mobile money vendor robbed at Ziope
5 hours