Thursday, 4 December 2014

Corruption, cedi depreciating sinking Ghana’s ship – Minority Leader





The Minority leader Osei Kyei Mensah-Bonsus has called on all Ghanaians to help save ‘Ghana’s sinking’ ship which he said would disappear soon if urgent efforts are not made to rescue it.
The Minority Leader while winding up debate for the approval of the 2015 budget mentioned excessive borrowing, depreciating of the cedi and poor economic growth in various sectors of the economy as the ‘sea’ sinking the Ghanaian ship.

“Fellow Ghanaians let us all come together to rescue this sinking ship, as clearly a sinking fund cannot do it.  Let us all roll up our sleeves and put our shoulders to the wheel especially since both the driver and the mate have clearly indicated to all of us that they are clueless in the face of such gargantuan maladministration”.

He further claimed that the country’s debt stock has ballooned to over GHC 80 billion making every Ghanaian including the unborn owes a whopping GHC 3,500.

“…If these are added we probably shall be talking about a debt stock of close to GH¢80billion.  Even at GH¢70billion it means each Ghanaian, including the child delivered as I speak now, owes GH¢3,500.ØØ…,” he said.

The Majority Leader Alban Sumana Bagbin however said the government finds itself on this huge debt because of the presence of many projects started by the NPP government without a known source of funding, causing the NDC government has to borrow to complete these projects.

Source: Ghana | adomonline.com | KWAKU NTI | e-mail: frank.nti@adomonline.com | follow: @NanaKwakuNti 

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