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01.11.2019 Opinion

Ghana Must Know: The Worst Economic Growth Ever Occurred Under Mahama! (Final)

By Daily Guide
Ghana Must Know: The Worst Economic Growth Ever Occurred Under Mahama! (Final)
NOV 1, 2019 OPINION

Gratifyingly, despite the huge economic mess left by the outgone NDC administration, the Akufo-Addo's government has raised Ghana's economic growth from a disappointing 3.4% in December 2016, to a favourable 8.6%. And the double digit inflation (15.8 in December 2016) has been reduced drastically to around 9%.

It must, however, be emphasised that no economist can undo the huge economic mess created by the Mahama government within 32 months into a 48 month mandate.

So, it is quite unfair for the NDC loyalists to expect Akufo-Addo's government to conjure magic and fix the mess so soon when the NDC administration paid GH¢800 million dubious judgment debt, including the GH¢51.2 million to Woyome, $30 million to the Waterville, $325,000 to Isofoton which resulted in the drastic reduction of capital expenditure.

Dearest reader, somewhere last year, I thought I was dreaming when I chanced on the unfortunate news about the misappropriation of $175 million loan facility secured in 2012 which was meant to provide seven district hospitals. But I was not. I was wide awake. The NDC hierarchy indeed misapplied the loan facility on the blind side of Ghanaians.

Why must the brassbound NDC supporters expect Akufo-Addo's government to use 32 months to fix the 96 months massive mess left by the erstwhile Mahama government when the same people surreptitiously diverted six million dollars of a government loan facility of $175 million meant to provide seven district hospitals into researching the then governing NDC's chances of winning the 2016 general elections?

The furtive research was alleged to have been carried out by the United Kingdom based SCL Social, the mother company of Cambridge Analytica.

According to the report, although SCL Social was given six million dollars to carry out a nationwide survey to provide appropriate data for the proper planning of the healthcare needs of Ghana, the NDC government, led by ex-President Mahama, deemed it fit to divert the loan facility for their internal research, at the expense of the sick and infirm Ghanaians. How insensitive?

The contractors, SCL Social, admitted: “The work consists of two discrete political and public health elements. The political element is testing the attitudes and perceptions of the population towards contemporary issues faced in Ghana and public confidence in the capacity and competence of the current administration to implement appropriate timely solutions. As well as the current level of satisfaction regarding the performance of the NDC at district, regional and national level, is also tested and the research incorporates how this may translate into future electoral success.”

If we do the arithmetic of the $175 million loan facility which was supposed to provide seven district hospitals; each hospital should have cost us $25 million.

However, credible sources have it that out of the seven district hospitals, only the one in Dodowa, in the Greater Accra Region, received the full funding and was thus completed successfully.

The all-important question then is: where is the rest of the $175 million loan facility?

How can we advance as a nation when some conspiratorial plotters keep hiding behind party coloration, devoid of patriotism and rapaciously squandering our scarce resources to the detriment of the poor and disadvantage Ghanaians?

Since the birth of Ghana's Fourth Republic (from 1993 to present), the nation has regrettably lost billions of dollars meant for developmental projects through unbridled sleazes and corruption.

If the rampant bribery and corruption, the stashing of national funds by some greedy opportunists, the misappropriation of resources and the crude embezzlement of funds meant for developmental projects by some public officials, do not warrant criminal charges, then where are we heading as a nation?

Believe it or not, there is admissible evidence of gargantuan bribery and corruption cases, including monies which were given to parasitic creatures that did not render any services towards the national development. Woyome and Akua Donkor come to mind.

A large portion of Ghana's scarce resources, regrettably, went down the drain due to the mismanagement and the wanton sleazes and corruption perpetrated by the officials of the erstwhile Mahama administration.

Take, for example, not long ago, a competent court of jurisdiction convicted two of the numerous corruption suspects in the erstwhile NDC administration and sentenced them to six and 12 years respectively.

In fact, I share in the sentiments of concerned Ghanaians, who have been maintaining all along that the sins of the two convicts are meagre in comparison with the other scandalous corruption cases which took place in the erstwhile Mahama administration.

In a related development, on 14th March, 2018, the State filed a case of causing financial loss against the former Chief Executive Officer of COCOBOD and the CEO of Zeera Group of Companies and Agricult Ghana Limited, who have been accused of embezzling over GH¢260 million under the watch of former President Mahama.

But in spite of the admissible evidence of Mahama's government's unbridled corruption and incompetence, the NDC loyalists would want discerning Ghanaians to believe that the erstwhile NDC government provided exceptional governance.

The good people of Ghana will attest to wanton corruption, incompetence and frequent abuse of power in the erstwhile Mahama government.

Take, for instance, but for the Honourable Agyapong's whistle blowing prowess, former President Mahama's sibling, Ibrahim Mahama, would have evaded import taxes in the tune of GH¢12 million. How pathetic?

Delightfully, the EOCO ordered Ibrahim Mahama to pay the GH¢12 million as all his previous 44 cheques were dishonoured by the respective banks. How bizarre?

As if that was not enough, the Mahama administration revoltingly sanctioned a 30 year bauxite mining lease of around 58%, to Ibrahim Mahama and his partners on 29th December 2016, just a little over one week for his brother's government to exit power. How pathetic?

It was, therefore, not the least surprising at all, when the vast majority of unhappy Ghanaians, who regrettably found themselves in the doldrums of poverty, rightly voted against the NDC and ex-President Mahama in the 2016 general elections, largely due to the unresolved business crippling dumsor, the wanton corruption (two out of innumerable suspects have since been convicted and sentenced) and the unpardonable incompetence (moved economic growth from 14% in 2011 to a miserable 3.4% and a single digit inflation to 15.4% by December 2016).

In ending, it will be extremely disastrous to vote back Mahama into power given the dreadful errors in judgment which brought about unprecedented harsh socio-economic living standards.

Disclaimer: "The views/contents expressed in this article are the sole responsibility of the author(s) and do not neccessarily reflect those of Modern Ghana. Modern Ghana will not be responsible or liable for any inaccurate or incorrect statements contained in this article."

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