President John Mahama in rapping his “changing lives” tour has debunked allegations of misuse of the country’s money, especially loans it has secured since his assumption into office as president.
President Mahama reiterated that the opposition New Patriotic Party can under no circumstance blame his administration of mismanagement since every loan acquired by his government is geared towards urgent and specific needs.
The President’s comments follows the heels of numerous allegations leveled against the Mahama led administration of resource mismanagement, thereby plunging the country into serious debt without any viable projects to show for.
NPP’s running mate Dr. Mahamudu Bawumia is reported to have lashed out at the NDC and the Mahama led administration for sinking the country in unnecessary debt through its excessive borrowing.
According to a Business and Financial Time report, the country’s public debt as of June this year stood at GHC96.9 billion, representing 72.7 percent of GDP from GHC9.8 billion as of end of 2008 when the NDC then led by the late Prof. Mills.
But responding to the allegations, Mr. Mahama stressed the his government has never taken a loan without the approval of the legislature hence such claims are not only false and unfounded but claims that only seeks to defame he (President Mahama) and his administration.
President Mahama seeking to mock the NPP MP’s said
“You say we haven’t used the loans for anything and that we are misusing monies, meanwhile every loan we take is taken through parliament for approval so what have they been doing, have they been sleeping?
“They approve the loans in parliament, there is no single loan we have taken without taking it through parliament, they should come and tell us what they have been doing”.
He was speaking in the Volta Region during the rap up of his much talked about “changing Lives” tour.
Source- Charity Emehill-Bartels/newsghana.com.gh