The New Patriotic Party (NPP), according to Deputy Minister of Communication, George Andah, has never in its lifetime kicked against borrowing.
He says they have instead been against reckless borrowing.
“The position of the NPP has never been against borrowing. The position is that it is against reckless borrowing. It is about reckless borrowing and borrowing to pay the reckless borrowing, that is what we are against,” he said on Citi TV’s morning show, Breakfast Daily on Tuesday.
Mr. Andah insisted that no developing country can survive without borrowing since such is needed to execute projects.
“There is no way that a developing country can develop without taking these loans. I am a member of the NPP; we have taken loans to Parliament. There’s budget we submit to Parliament in which some of the projects are funded from external sources. Borrowing recklessly and borrowing for projects that have been inflated are those that we’ve been speaking against,” he added.
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The Deputy Minister made the comment in response to former John Mahama, who has accused the NDC of hypocrisy after making a U-turn on borrowing.
Speaking at an entrepreneurship forum in Nigeria organised by the Tony Elumelo Foundation, President Akufo-Addo insisted that every country borrows money for projects and Ghana is not an exception.
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