Deputy Majority Leader and MP for Cape Coast South, George Ricketts-Hagan, has strongly criticized the opposition New Patriotic Party (NPP) for what he describes as their sudden outspokenness on the economy, despite presiding over a financial crisis during their tenure.
Speaking on the floor of Parliament on Tuesday, March 4, Ricketts-Hagan accused the NPP of recklessly managing the economy and now unfairly attacking the new National Democratic Congress (NDC) government, which has been in office for just two months.
“You have wrecked this economy, yet in just two months, you have found your voices again to criticize. This is unbelievable,” he stated.
Addressing Ghana’s debt situation, he revealed that out of the $13 billion Eurobond debt, only $3.346 billion has been repaid.
He also disclosed that the country owes the International Monetary Fund (IMF) and the World Bank approximately $8 billion. Due to poor financial decisions made under the NPP administration, Ghana is now obliged to pay $1 billion annually to creditors.
He defended the NDC government’s approach to managing the crisis and urged patience as efforts are made to restore stability.
