Deputy Finance Minister John Kumah says former president John Dramani Mahama has no answers to the economic woes other than lamenting.
Speaking on Starr FM he said “John Mahama has come on a complaining spree and he’s shown that he doesn’t have any master plan as far as economic growth is concerned. We know that he [John Mahama] is not coming with any new ideas. We have stayed on course and have shown competence in the management of this country. The NDC is not giving us any answers. All they’re doing is crying. They should tell us what new ideas they have.
“We know the banking crisis he [ John Mahama] left behind and graduates couldn’t be employed. We have the answers and we’re working at it. John Mahama has shown that he doesn’t have any new ideas,” Mr Kumah told Francis Abban on the Morning Starr Tuesday.
His comment comes after Mr Mahama accused the government of hiding behind Covid-19 to borrow recklessly.
He said the country has been plunged into economic crisis despite the government receiving monetary benefits from the oil revenue and donor partners.
“COVID19 only became a pretext for reckless election related spending, which produced the largest ever budget deficit in the recent economic history of Ghana last year. Our debt has ballooned to unsustainable levels – topping 80% of GDP – exposing us to very high risk of debt default,” Mr Mahama bemoaned.
“Almost all of our tax revenue is used to service our debt and the effect has been the introduction of several new taxes. This has led to rampant increments in the prices of goods and services. This is primarily responsible for the hardships Ghanaians are going through now.”