Home Politics NPP’s Borrowing Is Far Better Than NDC- Majority Leader Declares And Causes...

NPP’s Borrowing Is Far Better Than NDC- Majority Leader Declares And Causes Stir

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Majority Leader, Osei Kyei Mensah Bonsu has spat into the current hardships in the country. According to him, the New Patriotic Party (NPP) is far better than the National Democratic Congress (NDC). The Akufo- Addo- led administration has performed better than the Mahama- led administration; he said.

Background

The two main political parties in the country thus the New Patriotic Party (NPP) and the National Democratic Congress (NDC) has been switching the powers in this fourth republic.

They have been in power since 1992 and they are still ruling the country. Prominent leaders in such parties keep criticizing the opposition party over their poor administration and nothing seems to be done when the critiques takes over.

Osei Kyei- Mensah- Bonsu, the majority leader, has declared that government debt is lower than the stock of loans between 2009 and 2017, when the NDC was in power, and has urged Ghanaians not to be duped by mediocrities.

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” The data will tell the stories better, ” he continued, implying that the current administration has been on a borrowing binge. ” You borrowed in dollars; you borrowed in foreign currency, and any analytical person will notice that the amount of stock of borrowing between 2009 and 2017 was significantly greater in dollar terms than it is now, ” the Majority Leader remarked on the floor of Parliament Wednesday.


” Don’t let any pretenders trick you, ” Mr. Kyei- Mensah Bonsu said in response to the Minority NDC’s assertions that Ghana is currently suffering in debt levels not seen since the Fourth Republic. In contrast to what we have now, the loan stock was $75 billion. The truth will be revealed. ”

Minority Claims On Borrowing 

Haruna Iddrisu, the Minority Leader, had accused the administration and Finance Minister Ken Ofori-Atta of going on a borrowing binge while avoiding accountability.

According to him, the Finance Minister is failing to account for $19.7 billion in COVID-29 monies allocated by Parliament for the ministry, and he has asked the House to put all items concerning the Ministry of Finance on hold until Mr. Ofori-Atta appears in person to do so.

He insisted, ” This is the first occasion in our constitutional democratic regime under the Fourth Republic that a minister and the cabinet are avoiding the function of accountability. ”

Rebuttal On The Expenses Made In Terms Of Borrowing 

However, in a rapid reaction, the Majority Leader stated that many of the allegations levelled against the government, such as the stock of borrowing and a lack of responsibility, are nothing more than street rumor.

” Mr. Speak, this is a House that is interested with real business-facts and dats- not street hearsay on radio stations, ” he asserted, adding that the Finance Minister was not eluding accountability.

” I agree that Parliament’s oversight responsibilities must be upheld. So, if someone brings up possiblity of the minister having to appear before this House to answer for his or her expenses, that can only be a good thing. That is Parliament’s responsibility.

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Frank Oteng known professionally as Ghlagatin is a Ghanaian celebrity blogger, freelance journalist, and reporter.He is the founder of Ghlagatin.net, an entertainment website. He graduated from Accra Technical University, ATU with a National High Diploma in Interior Design.

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