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
-
Huge anti-government protests in Tehran and other Iranian cities, videos show
2 hours -
Write For World initiates project to mitigate climate change, curb unemployment
3 hours -
Sod cut for Community Library and Museum in Dzelukofe
3 hours -
Algeria apologises after player mocks Congolese superfan dressed as pan-African hero
4 hours -
Trump withdraws US from key climate treaty and dozens of other groups
4 hours -
Minnesota officials say FBI blocked their access to ICE shooting probe
4 hours -
Two wounded in shooting involving federal agents in Portland
5 hours -
Legal Green Association reviews first year of Mahama administration, cites economic relief and governance reforms
5 hours -
Technical Students’ Union kicks against Scholarship Authority Board over absence of student representation
5 hours -
Tanyigbe royal houses challenge the legitimacy of Togbega Kodi Adiko VI
5 hours -
Gender Ministry warns public against fake GH¢1,350 ‘National Family Support Allowance’ scam
5 hours -
Vice President opens 93rd Jalsa Salana in Gomoa, reaffirms gov’t commitment to inclusive development
6 hours -
Five remanded after pleading guilty in assault of Kade SHTS tutor
6 hours -
Police arrest two more suspects in Adabraka Gold shop heist
7 hours -
Arise Ghana to picket at American Embassy demanding repatriation of Ken Ofori-Atta
7 hours
