The Member of Parliament for Walewale, Abdul Kabiru Tiah Mahama, has accused President John Dramani Mahama of misleading Ghanaians regarding the state of the country's financial reserves.

His comments follow the President’s claim that Ghana’s Sinking Fund holds only $64,000 and GH₵143 million cedis, contradicting assertions by the previous New Patriotic Party (NPP) administration that it left behind substantial financial buffers for debt repayment.

According to the Walewale MP who once served as technical advisor to former Vice President Dr Mahamudu Bawumia, the President deliberately distorted facts to paint a negative picture of the former government.

“A government that wants to carry along the people should not be engaged in peddling falsehood or unfounded allegations against its predecessor,” he stated in an interview with Joy FM's Top Story on Thursday, February 27.

He explained that multiple financial reserves exist, including the IMF Proceeds Fund, the Eurobond Proceeds Fund, and the Treasury Main Account, where surplus revenues are kept.

He accused the President of deliberately omitting these accounts to create the impression that the state’s financial position was worse than it actually is.

“It is not true that the money left by the NPP government in the Sinking Fund is $64,000. There are different sinking funds, and if the President conveniently goes to take only one, the President is lying to the people of Ghana. He's painting a picture that is not accurate," he stressed.

Providing figures to support his claim, Abdul Kabiru Tiah Mahama stated: “For instance, in the Treasury Main Account alone, there was an end-of-year revenue of GH₵ 3 billion. There was also GH₵ 700 million from Treasury Bill subscriptions issued in January that remained unused. Additionally, in January alone, the government received GH₵ 6 billion due to late payments from December.”

He challenged the President to present a full breakdown of all government financial accounts rather than singling out one aspect.

The Walewale MP insisted that the previous government left behind substantial resources, and that any claims to the contrary were misleading.

“The government has not even told us how much was spent or realised from these accounts across the board. These are all revenue sources, yet the President decided to highlight only one,” he argued.