The Minority Spokesperson on Finance, Anthony Akoto Osei has described as unfounded, claims by the governing National Democratic Congress (NDC) that the New Patriotic Party (NPP) mismanaged the economy when it was in office.<\/p>\n
The NDC at a press conference dubbed, \u201csetting the records straight\u201d to counter the NPP\u2019s recent \u201cPromises Made, Promises Broken, Promises Repeated\u201d media encounter, said Ghana\u2019s economy saw an impressive<\/strong> <\/span><\/a>performance under the John Attah-Mills \u2013 John Mahama administration against the poor performance by the NPP\u2019s John Kufuor.<\/p>\n Addressing the press, Minister of Transport, Fifi Kwetey, said in spite of the many financial resources that was available to the NPP, it was unable to ensure a significant growth in terms of infrastructure development.<\/p>\n \u201cFrom 2001 to 2008, the NPP accumulated a total debt stock 56.9billion cedis, taking it from 9.7billion cedis in 2008. NPP therefore had access to 4.3 times more loan financing than NDC 1 under Jerry Rawlings. In spite of this, the NDC 1 overshadows the NPP in virtually all critical development infrastructure.\u201d<\/p>\n \u201cNDC built 3 regional hospitals against zero by the non-performing NPP. NDC within that period, can also boast of a couple of public universities against zero by the NPP,\u201d he added.<\/p>\n But Dr Akoto Osei in a sharp rebuttal on Good Evening Ghana dismissed these claims.<\/p>\n According to him, it is rather the NDC that has nothing positive to show for the management of the country\u2019s economy under the Mills and the Mahama administration.<\/p>\n Giving examples to support his claim, the Old Tafo MP revealed that some contractors who embarked on various governmental projects for the NDC have still not been paid.<\/p>\n The situation, according to him, has compelled the contractors to borrow from some banks which in his view is collapsing the banking system.<\/p>\n \u201cWhen you don\u2019t pay contractors, there is arrears. These contractors have gone to borrow from the banking system. They are collapsing the banking system so it is showing as debt in the banking system. That is a serious problem\u2026You don\u2019t present the budget statement and say you cannot find 1.7 billion. It will show up somewhere.”<\/p>\n –<\/p>\n