Mahama tells Akufo-Addo to apologise to Ghanaians for saying borrowing is a bad thing

Mahama tells Akufo-Addo to apologise to Ghanaians for saying borrowing is a bad thing

- Former president John Mahama accused the Akufo-Addo administration of hypocrisy

- Mahama's remark comes after President Akufo-Addo stated that his administration would continue to borrow money to put up projects in the country

-Akufo-Addo and Vice-President Bawumia had accused Mahama of excessive borrowing when he was president

Former president John Dramani Mahama has criticised President Akufo-Addo for comments he made at a forum in Nigeria insisting every country needed to borrow money to put up assets.

According to Mahama, the hypocrisy exhibited by the president only angers Ghanaians, since he once said there was no need to borrow because there was money in the country for development.

Mahama, speaking with National Democratic Congress delegates in Amasaman in the Greater Accra Region, said the Akufo-Addo administration owed Ghanaians an apology for turning his back on what he earlier said.

Apologise to Ghanaians for borrowing money comment- John Mahama

John Dramani Mahama

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“It is the hypocrisy that Ghanaians are angry with and we have all your quotations about borrowing. You said any idiot can borrow. That is what you said.”

“…so today if you have turned around and you see that you can borrow and invest in assets, the first thing you do is apologise, the first thing you do is apologise to Ghanaians and say you didn’t know, " Mahama said.

This comments comes after President Akufo-Addo said in a forum held in Nigeria that every country borrows money for projects and Ghana was no exception.

“We will borrow money; everybody borrows money. The United States of America is one of the biggest debtors in the world. So borrowing money is not necessarily a betrayal of the concept of independence. The key for us in borrowing money is that we borrow money to create assets that will allow us to pay the money back".

Apologise to Ghanaians for borrowing money comment- John Mahama

President Nana Akufo-Addo

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He added that if money was borrowed and used properly, it would become an asset to expand the economy and infrastructure of the country.

This was in response to the question asked on why Ghana went for loans from China despite trumpeting the Ghana Beyond Aid mantra.

President Akufo-Addo explained saying, “Borrowing money is not aid. What President Xi Jinping offered is a $60 billion fund which African countries can access, not as aid but as loans.

"If you can produce a project that the Chinese think is worth supporting, you can have access to that money, but you have to pay it back.”

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