Former President John Mahama says President Akufo-Addo is the luckiest President in the Fourth Republic.
Explaining why he thinks President Akufo-Addo and his government are the luckiest, John Mahama said they have benefited from oil revenue, tax revenue and enjoyed unprecedented support from our development partners.
“This has been the luckiest government under the fourth republic. They have benefitted from 60% of all the oil revenue accruing to Ghana since we began producing oil, they have had more than twice the total tax revenue available to us and have enjoyed unprecedented support from our development partners.”
Providing further reasons for his statement he said “Within a space of 12 months, they have received up to GHS11 billion from the IMF alone and over $200 million from the World Bank and other donors. They had access to over $200 million from the Stabilization Fund we set up and got Central Bank Financing of GHS10 billion whereas we had zero financing from the Central bank in 2016 despite all our challenges.”
“They have also increased our debt by almost twice the total amount of all previous governments put together. All of this notwithstanding, they have the least to show in terms of tangible gains or capital investments.
Another major problem has been the unprecedented levels of corruption and the total lack of accountability and prudence in the handling of the public purse,” he said at NDC Professionals Forum on State of the Economy.
