IN JUST fifteen months of its stewardship, the New Patriotic Party (NPP) government has contracted ?15trillion loans with nothing to show for it in development projects.
The National Democratic Congress (NDC) which made the allegation last Saturday contrasted the NPP picture with the ?41trillion loan it (NDC) contracted over eight years.
Mr. Kwamena Ahwoi, a leading member of the NDC recalled that, on assumption of power, the Kufuor administration accused its predecessor of bequeathing a domestic debt of ?41trillion to it, thereby crippling the economy.
Across the country, the NPP mounted hundreds of platforms to tout the graveness of the offence the NDC had committed in raising the loans.
In those days “pimpim, pimpim, pimpim” became common phrase of the Akan translation of the huge figure of trillion.
Today, however, it is obvious that by the time the NPP serves out its four-year term, it would have raised more loans than the NDC and misused it, Ahwoi indicated.
Another critic in the NDC, Dr. Tony Aidoo, strode to the microphone to account for the ?41trillion debt left by the NDC.
After mentioning the “excellent asphalt roads, water projects, schools, hospitals, electrification projects and maintenance of environmental cleanliness” it looked like Ghanaians were actually indebted to the NDC.
