Audio By Carbonatix
National Communications Officer of the National Democratic Congress (NDC), Sammy Gyamfi says the country's debt crisis is a result of government's refusal to heed sound advice.
According to him, government officials were throwing parties and drinking Hennessey when the NDC was sounding cautions about Ghana's increasing debt stock.
This he said, is the reason for the country's current economic woes which have become a burden for both the state and citizens at large.
The NDC spokesperson made these remarks while bemoaning Ghana's current debt stock and the attendant challenges on Adom TV's Badwam programme on Monday.
Since Ghana gained independence in 1957 till date, the current debt figures by the NPP transcends all debts accrued within this period. Meanwhile, they can't also account for any rewarding projects they've used the monies for.
When we were advising them, they did not listen. Rather, they were feasting on kenkey, cooking waakye and throwing kenkey and waakye parties with Hennessey at the Finance Ministry, amidst innuendoes at us.
This is the end results, Sammy Gyamfi said.
He added that, the excessive borrowing by the government was because of its 'selfishness' and 'greed'.
Venting his spleen, Mr Sammy Gyamfi further dismissed the defence by government communicators that the current economic crisis is due to the ravages of the COVID-19 pandemic and the Russia-Ukraine war.
The sentiments by the NDC Communications Officer adds to the barrage of criticisms from the party as well as other citizens, given the current state of the economy.
At the moment, the country's economic situation is at an all-time low, amidst a deprecation of the local currency against other major trading currencies including the US dollar.
Inflation is also at an all-time high, with the country's end of year inflation for 2022 hitting at 54.1%

Meanwhile, Ghana has reiterated its assurance on working to make the economy better.
Speaking at thanksgiving service at the Jubilee House earlier this week, President Akufo-Addo noted that he is positive about brighter days for Ghana, despite the present state of affairs.
Latest Stories
-
Work progresses on Todome-Dzemeni roads under the Big Push Project
22 minutes -
Cuba says 32 of its officers were killed in U.S. raid on Venezuela
40 minutes -
Government seeks GH¢7.5bn from domestic market
49 minutes -
Parliament mourns late Ayawaso East MP Naser Toure Mahama
52 minutes -
Trump warns new Venezuelan leader as Maduro set to appear in court
1 hour -
Gold price rises after US captures Venezuela’s Maduro
1 hour -
Over 6,000 teachers threaten legal action and street protests over unpaid arrears
1 hour -
Newborn baby dumped in sewage system at Tema Community 1
2 hours -
Kasoa New Market: Over 100 stores reduced to ash in 5-hour fire battle
3 hours -
Final funeral rites for Ayawaso East MP Naser Toure Mahama set for today
3 hours -
ECOWAS condemns US incursion into Venezuela
3 hours -
Attorney General Dr. Dominic Ayine rebukes premature NDC flagbearership debates
3 hours -
AFCON: Cameroon charge into the quarter-finals as South Africa fall short
4 hours -
Tunisia part ways with coach Sami Trabelsi after AFCON 2025 last-16 exit
5 hours -
Yagbonwura petitions gov’t for Savannah regional airport
6 hours
