Akufo-Addo performed better than Mahama if not Ghana’s debt stock would have been worse – John Kumah

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A Deputy Finance Minister, John Kumah, has rejected claims that the poor state of the economy is a result of mismanagement by the Akufo-Addo-Bawumia government.

John Kumah insisted that the public expenditure on COVID-19 instead resulted in the current situation the country finds itself in.

Dr Forson, who is also a former Deputy Finance Minister, cautioned that if the government does not pull the brakes on the current situation, the country will experience a decline in capital expenditure even as it spends more on interest servicing.

But John Kumah, who represented the Finance Minister at the Minority’s forum, does not entirely agree with the assertions espoused by Dr Forson.

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According to him, had the challenges faced by the Akufo-Addo government occurred under the erstwhile Mahama administration, more debt would have been incurred.

“If you check the reality of what happened under President Nana Addo Dankwa Akufo-Addo’s tenure, I am sure if it had happened under former President John Mahama, we would have jumped to $100 billion. There was no COVID-19 to warrant a lockdown for extra expenditures of the government.”

“So these are very difficult times that President Akufo-Addo has been in, but he has managed it so well that he has won the world commendation.”

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