John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has expressed deep concern over the government’s handling of an $11.5 billion loan facility secured over the past eight years. He accused the administration of mismanaging these funds, which he believes could have been channeled into transformative projects capable of propelling Ghana’s development to match global cities like Dubai.
Speaking during a special prayer service at the Great Hall of the Kwame Nkrumah University of Science and Technology (KNUST) in the Ashanti Region, Mahama engaged the Muslim community and reflected on the stark differences between his administration and the current government. He emphasized the need for financial prudence and strategic investment in infrastructure, contrasting his track record with the present government’s alleged inefficiencies.
Mahama stated that his administration achieved significant developmental milestones with a comparatively modest loan of $3.5 billion. The funds were directed towards pivotal projects such as the expansion of the Tema Harbour, the construction of the state-of-the-art Terminal 3 at Kotoka International Airport, and numerous other infrastructure projects that strengthened Ghana’s economy and enhanced the lives of its citizens.
During his address, Mahama highlighted the enormity of the current government’s borrowing, noting that President Nana Addo Dankwa Akufo-Addo’s administration had accumulated a staggering $11.5 billion in loans within just five years. He questioned the lack of tangible results from such substantial borrowing, suggesting that the funds had not been invested wisely. He asserted that if his administration had access to a similar amount, Ghana would have undergone a remarkable transformation.
“President Nana Addo Dankwa Akufo-Addo borrowed to the tune of $11.5 billion just within five years. Despite all the developmental projects that I championed when I was president, we only borrowed to the tune of $3.5 billion,” Mahama remarked. “If I had borrowed to the tune of $11.5 billion when I was president, Ghana would have been developed like Dubai.”
Mahama’s comparison underscored his administration’s efficiency in utilizing limited resources to achieve far-reaching development goals. Among the projects he cited was the expansion of the Tema Harbour, a critical gateway for international trade, which significantly improved Ghana’s capacity to handle increased cargo volumes. This project alone enhanced the country’s competitiveness in global commerce and contributed to economic growth.
He also pointed to the construction of Terminal 3 at Kotoka International Airport as a hallmark of his administration’s commitment to modernization. The terminal, renowned for its world-class facilities, positioned Ghana as a hub for air travel in West Africa, boosting tourism and creating numerous job opportunities. Additionally, Mahama’s government invested in education, healthcare, and roads, laying the foundation for sustainable development.
In contrast, Mahama expressed disappointment over the lack of visible progress under the current administration, despite the enormous resources at its disposal. He stressed that the government’s borrowing spree had failed to yield the transformative projects Ghanaians had hoped for, instead burdening the nation with debt.
Mahama’s remarks resonated with many in the audience, particularly members of the Muslim community, who appreciated his acknowledgment of their contributions to national development. He used the occasion to reaffirm his commitment to inclusivity and collaboration, emphasizing that his vision for Ghana transcends partisan lines and prioritizes the welfare of all citizens.
Drawing attention to the broader implications of financial mismanagement, Mahama cautioned that the continued accumulation of debt without corresponding development could jeopardize Ghana’s economic stability. He urged the government to adopt a more responsible approach to borrowing, ensuring that every dollar secured translates into measurable progress for the nation.
Mahama’s critique also extended to the broader governance approach of the current administration. He argued that leadership should be anchored in accountability, transparency, and a clear vision for development. In his view, the government’s inability to deliver on its promises, despite unprecedented borrowing, highlights a failure to prioritize the needs of the people.
As the 2024 general election approaches, Mahama’s comments are likely to shape public discourse around governance, economic management, and national development. His message to the electorate was clear: leadership is about making strategic decisions that maximize resources and deliver tangible benefits to the populace. He called on Ghanaians to reflect on the current state of the nation and consider the leadership qualities needed to steer Ghana toward a brighter future.
Mahama’s emphasis on prudent financial management and his track record of delivering impactful projects have become central themes of his campaign. He envisions a Ghana where resources are utilized effectively to build modern infrastructure, create jobs, and improve the quality of life for all citizens. This vision, he believes, stands in stark contrast to the current administration’s approach, which he describes as wasteful and lacking direction.
In concluding his address, Mahama reiterated his commitment to building a Ghana that works for everyone. He assured the Muslim community and all Ghanaians that his leadership would focus on unity, development, and progress. By leveraging Ghana’s resources strategically and fostering a culture of accountability, he aims to restore confidence in government and drive the nation toward sustainable growth.
The prayer service at KNUST served as a platform for Mahama to engage with a key segment of the electorate and outline his vision for a better Ghana. His message, delivered with conviction and backed by a strong track record, reinforced his position as a leader determined to make a difference. As the nation prepares for a critical election, Mahama’s call for change resonates with many Ghanaians yearning for a government that prioritizes development and delivers on its promises.
Mahama’s assertion that $11.5 billion, if properly managed, could have transformed Ghana into a global benchmark like Dubai, underscores the need for leadership that values accountability and innovation. His campaign continues to advocate for policies that align with this vision, offering hope for a future where Ghana’s potential is fully realized.
