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
-
Poor Internet connectivity keeps disrupting teaching and learning at UEW
4 minutes -
Volta Regional House of Chiefs congratulates Ablakwa, pledges stronger ties with Foreign Affairs Ministry
10 minutes -
Baba Yara stadium will be ready for 2026/27 football season – NSA boss
16 minutes -
Speak law, not emotions – Amaliba fires back at Mercer on Sedina Tamakloe’s release
18 minutes -
NSA releases 121,754 PIN codes for 2026/2027 National Service Year
22 minutes -
NSA withholds 22,269 national service PIN codes over identity verification issues
26 minutes -
Eyipe’s sanitation crisis raises concerns over public health and coastal pollution
43 minutes -
My studio caught fire after I ignored God’s warning to ditch secular music – Perez Musik
46 minutes -
The trouble with being online all the time
47 minutes -
Training the next generation of watchdog journalists
49 minutes -
IGP promotes 4 police officers for role in dismantling Upper West armed robbery syndicate
53 minutes -
“Red,” tramadol, and silence: Ghana’s drug abuse crisis
53 minutes -
Late Mankessim Queen Mother’s 40-day commemoration set for September 12
1 hour -
Sedina Tamakloe’s release was the ‘logical conclusion’ after acquittal — Amaliba
1 hour -
KUMACA launches 70th anniversary celebration with focus on shaping character and cultivating minds
1 hour