Former President John Mahama has said President Akufo-Addo’s inefficient and dishonest administration is the biggest threat to the survival of Ghana’s constitutional democracy.
In a Facebook post on Monday July 31, 2023, the former President indicated that Ghanaians must avoid repeating the mistakes of the NPP.
“Transparent and accountable governance in which opportunities are open to all and not just a few is the greatest guarantor of our democracy.
“The almost seven years of Akufo-Addo and Bawumia’s maladministration is the biggest threat to the survival of our constitutional democracy. Only a CHANGE of this inept NPP government can ensure the sustainability of our democracy.
“The next NDC administration will work to restore hope to Ghanaians and quickly. The business-as-usual approach to governance, lies and propaganda will not work. We cannot and must avoid repeating the mistakes of the NPP.”
Ghana’s government has written off half of the 77.6 billion cedis which is equivalent to $7 billion it owed to the Central Bank and replaced the remainder with a lower yielding, 15-year bond, three sources with direct knowledge of the transaction told Reuters.
The latest move is part of the West African nation’s push to restructure its domestic debt – a requirement to qualify for the next tranche of a $3 billion International Monetary Fund (IMF) rescue loan.
Ghana now wants to focus on negotiations with external creditors.
