[ 2016-09-22 ]

Visionless NPP sees debt we see investments – Fifi Kwetey
The Transport Minister has questioned the
opposition New Patriotic Party's (NPP) lack of
foresight in appreciating the various investments
President John Mahama has undertaken and mistaken
them for debts.

Fifi Kwetey says the National Democratic Congress
(NDC) has a remarkable record of using foreign
debt to advance solid investments.

He explained that the NDC government, led by
President John Mahama is harnessing a bright
future and fueling national development with the
foreign loans.

Speaking at a Forum for “Setting the records
straight” series at the party’s headquarters
in Accra Thursday, he questioned the NPP’s
knowledge about debt servicing, citing how they
[NPP] wasted an international loan facility of
$750 million in 2007.

“For us in the NDC, foreign loans are meant for
investment. Most likely, because the NPP was so
wasteful with foreign loans, the party wrongly
assumes the NDC has the same defect. No! We in the
NDC have a great track record of using foreign
debts to invest in solid investments,” he added.


He said President John Mahama and his National
Democratic Congress (NDC) is building a bright
future with foreign loans that the NPP was
wasteful with.

The President, he added, has invested in both the
infrastructural as well as the human development
of Ghanaians citing numerous projects he said are
legacies of the works of a visionary party.

“For us in the NDC, foreign loans are meant for
investment,” he said adding the NDC is investing
in projects and not piling up debts as the NPP
would make believe.

According to him from 2001 to 2008, the NPP
accumulated a total debt stock GH¢56.9 billion,
"taking it from Gh¢9.7 billion in 2008. NPP,
therefore, had access to 4.3 times more loan
financing than NDC 1 under Jerry Rawlings."

This notwithstanding he said the NDC 1 overshadows
the NPP in virtually all critical infrastructural
development.

“NDC built 3 regional hospitals against zero by
the non-performing NPP. NDC within that period can
also boast of a couple of public universities
against zero by the NPP,” he added.

Source - Myjoyonline.com

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