It is becoming increasingly difficult for Ghanaians to live under this NPP Government and the earlier We stand up and say NO to this elephant size government the better. Since they took over power from the NDC in 2016 Ghanaians are expecting to see different style of Governance, but what do we see, the same old story.
Petro prices increases from ¢14.50p to ¢24.00+ in 2018.
As if that was enough, Akufo Addo's led NPP government has borrowed more than five times and increased our debts stock by $7.859 billion in just one year, 8months in office.
The most painful, heartbreaking aspect is that, they have nothing good to show for these gargantuan borrowing spree.
* No infrastructure
*High cost of living
* Business and banks are collapsing.
*no good roads
* our education system is collapsing gradually
*corruption scandals every week
* family and friends government (conflict of interest)
*grabbing and sharing state properties.
* Health sector is collapsing
* high rate of unemployment
*importers are crying
*workers being sacked
GOVERMENT BORROWING FROM FEBRUARY 2017_MARCH 2018 AND YET NOTHING TO SHOW FOR
PURPOSE OF LOAN
1 July 2017
Accra sanitation livelihood improvement project
8 October 2017
IDA/World bank to fund sustainable rural water and sanitation
IDA/ World bank
5 November 2017
Euros 8.00 ( US$11m)
6 November 2017
7 November 2017
Euros 25m ( US$35m)
2 December 2017
3 December 2017
9 February 2018
10 March 2018
Deposit finance Authority
Euros 14m (US$22m)
1 April 2017
ESLA (Ken Bond)
2 October 2017
ESLA PLC one
3 November 2017
Long term Bonds
4 April 2018
Sovereign Bond( to finance 2018 budget)
5 April 2018
Global Depository Bond ( finance maturing loans
6 April 2018
Bond ( finance Domestic loans)
US$7.859BILLION or GHC39.296 BILLION or 392,960,000,000,000 Cedis. Old Ghc
The reality on the grounds is that, Ghanaians are suffering and nothing seems to be working. It is my hope that Ghanaians will see the light and show this elephant size government the exit come 2020 since they don't have anything better to offer Ghanaians.
Desmond Twumasi Ntow
PNC National Organizer..
Disclaimer: "The views/contents expressed in this article are the sole responsibility of Desmond T. Ntow and do not neccessarily reflect those of Modern Ghana.