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
-
Tottenham sign Chelsea pair Mudryk and Tosin
3 hours -
Constitutional reform is not a one-party project – Barker-Vormawor
3 hours -
Constitution Review Committee won’t decide what goes into reform bills – Barker-Vormawor
3 hours -
Balogun’s Everton deal collapses after he walks away
4 hours -
Enzo Fernandez joins Man City for joint-British record £125m
4 hours -
Apple Maps renames Lake Ontario as Lake America after Trump order
4 hours -
Range Rover launches first fully electric model
4 hours -
France targets Shein and Temu with fast fashion fees
4 hours -
Alleged romance scam pastor’s cases to be consolidated, sent to High Court
5 hours -
Court remands two over alleged possession of narcotics
5 hours -
Arsenal owner Kroenke buys MLB franchise LA Angels
5 hours -
Shop owner sentence for failing to participate in clean-up exercise
5 hours -
Mentapulse Africa annual GHL Summit to tackle Ghana’s growing talent retention crisis
5 hours -
Asiedu Nketia dismisses NPP’s GoldBod criticism as political distraction
5 hours -
Man accused of threatening EOCO staff granted GH¢100K bail
5 hours