Audio By Carbonatix
Minister for Government Communications, Felix Kwakye Ofosu, has launched a strong rebuttal against the Minority in Parliament, insisting that the current government inherited an economy in complete disarray.
Contributing to the debate on the 2026 Budget, he argued that the economic conditions left behind by the previous administration were unprecedentedly poor.
“Mr Speaker, that the economy we inherited from them was in shambles is a matter of public record and is not in doubt,” he declared.
According to him, economic performance is judged using objective criteria, not partisan interpretation.
He said the evidence clearly shows that the previous government plunged the country into deep economic distress.
“As it has always been said, economic analysis is done based on specific indices. There are metrics you use to measure performance which are not subject to opinion,” he emphasised.
Mr Kwakye Ofosu asserted that Ghana entered its first-ever sovereign default under the previous administration, a situation he described as historically damaging.
He stressed that the government’s credit rating sank to its lowest point, compelling international agencies to classify Ghana as a high-risk country.
“For the first time in the history of Ghana, a government defaulted on our debts, and our credit rating was at junk status,” he stated.
The Minister said this level of deterioration earned the outgoing administration a “Borla economy,” borrowing from local slang meaning rubbish.
“In the local parlance, we call it ‘Borla’, to wit, rubbish — that was the state of our ratings,” he remarked, insisting that the economic fundamentals were already broken long before the new administration took office.
He urged the Minority to acknowledge the severity of the economic decline they presided over instead of attempting to blame the current government for challenges rooted in past mismanagement.
He stressed that truthful reflection was necessary for constructive debate and national progress.
Latest Stories
-
Celestine Donkor launches road-safety campaign in collaboration with Road Safety Authority
2 minutes -
New Road Maintenance Trust Fund board tasked to ensure fair, nationwide allocation of resources
5 minutes -
Mahama urges stronger global partnerships to transform Africa’s healthcare future
7 minutes -
ECOWAS declares regional state of emergency over rising coups, security threats
10 minutes -
Activa Insurance supports education with ICT lab donation to Korle Gonno Community Library
19 minutes -
Gov’t developing central health intelligence database – Health minister
27 minutes -
The McCarthy Hill School wins 2025 Kofi A. Tawiah Good Citizenship Challenge
30 minutes -
Ghanaian cocoa communities mobilised against galamsey to protect livelihoods and environment
34 minutes -
China’s former sports administration chief handed suspended death sentence
36 minutes -
Okyenhene rules on Kyebi Zongo chieftaincy dispute, declares Alhaji Sanusi as validly elected
36 minutes -
They don’t ask for permission before using my songs – Stella Seal
41 minutes -
Audit Service rejects calls for restatement of MIIF 2024 financials; flags concerns over Agyapa
43 minutes -
Botswana government fulfil house promise to 200m Paris Olympics gold medallist Tebogo
51 minutes -
Wode Maya: Africa’s cultural diplomat championing tourism through digital storytelling
52 minutes -
UESD @5: Seth Terkper hails rapid growth but warns infrastructure gaps are slowing progress
53 minutes
