Yesterday, we returned to the hallowed walls of the Cabinet Meeting Room at the Flagstaff House after eight (8) years. How time flies…
We’re thankful to God almighty for sustaining our dear nation’s democracy.
BUT, what is not in doubt is the deep seated damage the NPP government has inflicted on Ghanaians, generations to come and the nation as a whole.
It’s regretable that a ‘We Told You So Moment’ is manifesting as a momentous messy national debt deliberately created by the NPP government.
Truth is six (6) years ago, in 2019 even before COVID-19 hit our territory, I cautioned against Ghana’s Steep Rising Debt in a widely publicised article:
https://mobile.ghanaweb.com/GhanaHomePage/features/Omane-Boamah-writes-Ghana-s-steep-rising-debt-and-the-need-for-urgent-brakes-751961?gallery=1
I cited relevant authorities such as, George Carlin, “I think we ought to just go ahead and make “zillion” a real number. “Gazillion,” It seems to me it’s time to do this.”
And added that, “our debt situation is much higher than the reported figure.”
I further stated, “Like many Ghanaians, I am concerned about Ghana’s indebtedness because characteristic of all economic indicators, there are limitations; and for national debts which fuel budget deficits, one of such limitations is hidden debts or what Mankiw (2013) terms, “uncounted liabilities.””
With this background, I strongly advocated that urgent breaks needed to be applied to the reckless borrowing of the NPP government.
Unfortunately, my advice before COVID-19 was ignored!
Like many others, I knew the signs of economic gloom and doom were on the wall.
The NPP’s economic mis-management eventually consumed the investments of many a Ghanaian including the bonds of pensioners and the middle class.
Sadly, the signs showed their startling stature in bold unfiltered figures yesterday at our first Cabinet meeting, as the Finance Minister exposed the extent of the damage the NPP has done to Ghanaians and our economy.
The damage is deep!
However, I am hopeful!
Hopeful because with President John Dramani Mahama in the driving seat, we shall fix the mess NPP has created.
We’re fixing it!
#LetsBuildGhanaTogether
#ResettingGhana
#EAGLEEYES
#ActivateAllBodyCameras
