ONLY A DISHONEST POLITICAL FIGURE WOULD BLAME AKUFO-ADDO FOR GHANA’S CURRENT DEBT TO GDP RATIO

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ONLY A DISHONEST POLITICAL FIGURE WOULD BLAME AKUFO-ADDO FOR GHANA’S CURRENT DEBT TO GDP RATIO

In his insatiable pursuit for power, John Mahama never gets fatigued with inventing stories just to appeal to the senses of the masses.

JM is gloating about Ghana’s debt to GDP having reached 76% and that constitutes a gloomy economic outlook for the country.

He even went ahead to claim that the IMF has certified the country as having achieved HIPC status, a claim the international financial watchdog has vehemently denied.

What stands out in all these barefaced fabrications is the fact that John Dramani Mahama appears to be blind to the times we are in.

The deadly coronavirus pandemic pounced on the global economy in a way that stupefied the whole world.

Economic giants in the West and Asia, those with enough muscles to put fear in the rest of the world, found themselves wanting as the deadly effects of the pandemic ravaged their developmental paradigms and whatever impregnable mechanisms they thought would always fortify them against such mishaps.

To put it mildly, every single economy however strong, has been dislocated. COVID-19 has thrown all economies out of gear. It would be so safe stating that the world has been gone to factory settings in terms of economic growth, development and management.

No economy has been spared. Even the almighty United States of America has been reeling from the dangerous effects of COVID-19.

It is quite strange that against widely known fact, John Dramani Mahama is trying to create the impression that some poor economic management decisions have led to Ghana’s debt to GDP reaching over 76%.

Under Mahama, when there was no COVID-19 or any pestilence akin to same, our debt to GDP shot up to 73%. John Mahama has no moral justification to be speaking like a Kahuna in the area of economic management.

What’s being experienced is as a result of this natural disaster in the shape of COVID-19 that has messed the world’s economy up including that of Ghana.

P.K.Sarpong, Whispers from the Corridors of the Thinking Place.

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