Minister for Defence, Dr. Edward Omane Boamah, says the New Patriotic Party (NPP) dragged Ghana into severe economic crisis during their 8 years in power.
He described the NPP’s eight years in power as a period of reckless financial mismanagement.
He pledged that the administration of President John Dramani Mahama is committed to fixing the damage.
Dr. Omane Boamah in a Facebook post on Friday, February 21, 2025 highlighted that the current economic challenges were not unforeseen but were the result of deliberate and unchecked borrowing by the NPP government, which he had warned about as far back as 2019.
“It’s regrettable 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 publicized article.”
He noted that even before the COVID-19 pandemic, the NPP’s management of the economy had already shown signs of collapse. By 2019, the country’s debt trajectory had spiraled out of control, with hidden liabilities and unaccounted debts worsening the situation.
This mismanagement, according to the Minister, has now consumed the investments of many Ghanaians, including pensions and middle-class savings, leaving the nation grappling with a monumental financial burden.
Dr. Omane Boamah described the financial revelations from the recent cabinet meeting as heartbreaking, exposing the true extent of the economic damage caused by the NPP administration. However, he assured Ghanaians that the new government is resolute in its efforts to repair the economy and restore hope.
With President Mahama at the helm, he expressed confidence in the administration’s ability to steer the country back to stability, stating that rebuilding Ghana is a shared responsibility. The government, he stressed, is ready to implement strategic measures to fix the economic mess and provide relief for all Ghanaians.
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