News:
July 2, 2025
Member of Parliament for Walewale Dr. Mahama Tiah Abdul Kabiru has taken a swipe at the National Democratic Congress (NDC) Majority in parliament for their double standard when it comes to contracting loan in Ghana.
According to him, under the previous New Patriotic Party (NPP) they contracted nine hundred million of which they drew three hundred and sixty million dollars.
The then Minority now in Majority NDC kicked against it and would not allow the then government to access the second tranche; but in government now they have brought three hundred and sixty million dollars for approval which was approved.
In a press conference on Tuesday, July 1, 2025, he pointed out that the Majority had rather increased the amount from nine hundred million to one point six zero billion, dollars.
“They have added one hundred and sixty million in excess of what the previous government wanted but remember the Akufo-Addo government did not draw down the whole amount. They only took 360 million dollars and asking the World Bank to give us more than the 900 million, and it’s for Ghanaians to establish the sincerity of the current government. On one breath they do not want to contract a loan; in another breath just six months in office they are contracting loans. Their actions smack of contradiction as in the previous Parliament they fought the Akufo-Addo government. But they are now contracting loans. they say they want to pay contractors, but they told us there was money to pay contractors”.
“We want the good people of Ghana to know when running a country, sincerity is very important. You do not send your predecessor to the cleaners over a policy only to benefit from it.”
He expressed delight that contractors are going to be paid; “but we have to monitor what the money would be used for. The dollar was depreciating against the cedis because they were not making payment.”
They say the cedi is going strong, but they tell us they need the dollar to support the cedi, and the strength cannot be sustained unless they take loan from the world bank, he added.
Kwaku Sakyi-Danso/Ghanamps.com