The member of Parliament for Yapei Kusawgu Constituency on the ticket of the National Democratic Congress (NDC), John Jinapor has boldly revealed how bad President Akufo-Addo and his government have performed after he compared with former President John Mahama’s era.
John Jinapor boldly revealed that John Mahama’s administration performed way better than what the Akufo-Addo government is doing now. He revealed that this government is borrowing more yet they are doing less infrastructure as compared to John Mahama. He revealed that interest payments under Mahama were 10 billion but now, it’s about 44 billion.
“ If you look at the NDC and Mahama’s borrowing, over 60% of it went into Capital expenditure or infrastructure but if you look at President Akufo-Addo’s borrowing, less than 50% went into infrastructure. In 2019, when they borrowed most, 2.4 billion cedis was used to finance free SHS. When we were leaving, interest payments were 10 billion but now we are doing about 44 billion because of what the Akufo-Addo government used the money borrowed for.”
“ In 2019, the cedi depreciated by almost 13% percent. This is pre-Covid and it was about double the depreciation in 2016. So the real situation in the country started showing in 2019 and it keeps getting worse.” John Jinapor boldly revealed this on News File on Joy News this Saturday, July 9, 2022.
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