Mahama Criticises Government's Handling of $11.5 Billion Loan Facility

Ghana's opposition leader, John Dramani Mahama, has launched a scathing attack on the government, accusing it of mismanaging a staggering $11.5 billion loan facility acquired over the past eight years.

Addressing the Muslim community at the Kwame Nkrumah University of Science and Technology, Mahama argued that these funds could have been invested in transformative projects, propelling Ghana towards development akin to cities like Dubai.

Mahama drew comparisons with his own tenure, highlighting how his administration had secured a $3.5 billion loan, which was used to finance landmark infrastructure projects, including the expansion of Tema Harbour and the construction of Terminal 3 at Kotoka International Airport.

“President Nana Addo Dankwa Akufo-Addo borrowed to a tune of $11.5 billion just within 5 years. Despite all the developmental projects that I championed when I was president, we only borrowed to the tune of $3.5 billion,'' he stated.

“If I had borrowed to the tune of $11.5 billion when I was president, Ghana would have been developed like Dubai,'' he added.

Source: Florence Kyei / Lead News Online