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MAHAMA, NDC ALTERNATIVE SCARY: NPP CAUTIONS GHANAIANS AGAINST “SANKOFA”

Politics

The governing New Patriotic Party has cautioned Ghanaians never again to make the mistake of entrusting Ghana’s future and the management of the country’s resources into the hands of former President John Dramani Mahama and the National Democratic Congress.

The governing New Patriotic Party has cautioned Ghanaians never again to make the mistake of entrusting Ghana’s future and the management of the country’s resources into the hands of former President John Dramani Mahama and the National Democratic Congress.

The NPP’s warning is grounded in the NDC’s track record of reversing any progress the country has made under an NPP government.

The party gave the caution yesterday at a press conference addressed by the NPP general secretary, John Boadu.

Mr Boadu reminded Ghanaians that the Mahama-led NDC government virtually grounded the economy between 2013 and 2017, taking “oil-rich Ghana” from a growth path of 14 per cent to 3.4 per cent before leaving office.

Nothing new

He argued that former President Mahama has nothing new to offer Ghanaians other than the incompetence and corruption Ghanaians witnessed during his tenure.

“Say ‘no’ to a redenominated candidate [Mahama] for he never changes. Mahama ‒ the value is the same. More importantly, the NDC alternative under Mahama is still scary,” Mr Boadu said.

NPP builds, NDC destroys

Mr Boadu said the history of Ghana’s Fourth Republican economy makes it obvious that the NPP has an enviable record for building the economy and laying a foundation for national progress.

On the contrary, he said, the opposition NDC is notorious for having eroded or destroyed the gains the NPP made in managing the economy.

“NDC took us to HIPC [the World Bank/IMF’s Heavily Indebted Poor Countris bailout scheme] but did not have the courage to admit it even though it was under an IMF programme in 2000. It took President Kufuor to have the bulk of Ghana’s debt written off and get Ghana out of the IMF programme.

“Not only that, but NPP, through the focused operations of GNPC, made Ghana an oil-rich nation but left office before a single barrel of Jubilee oil could be produced,” the general secretary recalled.

Mr Boadu further said that the NPP under President Kufuor stepped down with Ghana’s first B+ credit rating. Before that, the country was not even rated, though credit rating is necessary for both a government and business entities to transact business and borrow internationally.

“After eight years of NDC economic management, our rating went down from B+ to B-. Yes, B- under John Mahama! After only 20 months of NPP under Nana Addo Dankwa Akufo-Addo, we had already been upgraded from B- to B.
“Our upgraded credit ratings earned us an oversubscribed Eurobond issue in multiples of seven at the lowest coupon rate and the longest maturity Ghana has ever had,” he said.

“Reckless arrogance”

The NPP general secretary was bemused by how, instead of apologising to Ghanaians for how he wasted public funds on dubious infrastructure projects, Mr Mahama is busily using the same projects he executed at “outrageously inflated prices” for his 2020 campaign.

“This is the height of reckless arrogance,” Mr Boadu said.

According to Mr Boadu, former President Mahama and the NDC have a discredited record as far as management of the country is concerned.

He said President Akufo-Addo and the NPP would therefore not use their record as a benchmark, but rather focus on their transformation agenda.

He announced that on April 10, the President will launch the $2 billion Sinohydro infrastructure project. He described it as the biggest infrastructure investment by any government in the country for over five decades.

Mr Boadu said that the project will bring about a real transformation agenda of the country in terms of infrastructure.

Import duties slashed

Meanwhile, the NPP has described as a game-changer the Akufo-Addo government’s policy which has led to reductions of benchmark values for imported goods and vehicles by 50 per cent and 30 per cent, respectively.

The party’s general secretary, John Boadu, praised President Akufo-Addo and his government, particularly the Economic Management Team led by Vice-President Mahamudu Bawumia, for listening to the cries of Ghanaians and reducing the duties.

The reduction, according to John Boadu, will help ease the hardship on Ghanaians.

Mr Boadu took a swipe at the NDC, which has made several attempts to create the impression that the reduction will not have an effect on net duties paid by importers.

“To facilitate trade, make our ports competitive in the region, and to further reduce the costs of goods and services, even with single-digit inflation, the government has introduced a raft of measures at the ports,” Mr Boadu said yesterday. “That is groundbreaking.”