President Nana Akufo-Addo has emphasised that his government has not been reckless in borrowing and spending, resulting in the current economic crisis.
According to the president his government since assuming office in 2017 has spent accordingly and has also accounted for its borrowing.
Addressing Parliament on Wednesday, March 8, in his 2023 State of the Nation Address, Akufo-Addo said his government only spent resources on things that are necessary and urgent.
“Mr Speaker, let me state emphatically that we have not been reckless in borrowing and in spending. It is worth noting that the debts we are servicing were not only contracted during the period of this administration.
Mr Speaker, we have spent money on things that are urgent, to build roads and bridges and schools, to train our young people and equip them to face a competitive world,” he stated.
Having said there demanded a lot of his government to do more for the country, Nana Addo called for collective support from the Ghanaian citizens for development.
“Considering the amount of work that still needs to be done on the state of our roads, the bridges that have to be built, considering the number of classrooms that need to be built, the furniture and equipment needs at all stages of education, considering the number of children who should be in school and are not, considering the number of towns and villages that still do not have access to potable water, I daresay no one can suggest we have over borrowed or spent recklessly.
“Yes, I have been in a hurry to get things done, and this includes massive developments in agriculture, education, health, irrigation, roads, rails, ports, airports, sea defence, digitisation, social protection programmes, industrialisation and tourism.
“We can be justifiably proud of the many things we have managed to do in the past six years. As I go around the country, I hear the pleas for roads, schools, and hospitals, and as the rainy season comes, I wish, as every other Ghanaian does, that we would have built more drains than we have. And I wish we had the resources to do more,” he said.