Posterity will vindicate our warnings towards NPP’s reckless borrowing – Ato Forson – Ghana News On-line

The Minority Leader of the eighth Parliament, Ato Forson, says future generations of Ghanaians will decide the management of the outgoing New Patriotic Party (NPP) for his or her quite a few failures throughout their time in workplace.

He stated that posterity would vindicate the National Democratic Congress (NDC) for having warned the NPP authorities in regards to the risks of extreme borrowing, a warning which was ignored.

“I believe that posterity will surely vindicate our warnings regarding the reckless borrowing and economic mismanagement under the Akufo-Addo and Alhaji Bawumia administration,” he stated.

The lawmaker additionally highlighted that data accessible to the chamber present that sure people inside the NPP have profited from substantial sums, together with transaction advisory charges, whereas the nation continues to grapple with burdensome public debt.

“Some individuals in government benefited to the tune of $159.3 million in transaction advisory fees, while the country was saddled with an unsustainable public debt,” he disclosed throughout his speech on the dissolution of the eighth Parliament on Monday, January 6, at Parliament House.

Mr Ato Forson additional famous that the NDC had raised considerations in regards to the administration of the Bank of Ghana, which led to important destructive fairness losses for the nation.

He additionally added that “As a result, the Bank of Ghana became policy insolvent by the end of 2023,” and alleged that the financial institution had additionally printed unlawful cash to finance authorities expenditure, contributing to the nation’s inflation disaster.

The Minority Leader went on to accuse the outgoing authorities of partaking in fraudulent and corrupt actions throughout numerous sectors of the economic system, together with agriculture, significantly the cocoa trade, and infrastructure improvement, amongst others.

Source: myjoyonline.com