Mahama Borrowing To Fix Kufuor�s Leftover Projects - Bagbin

Majority leader, Alban Bagbin, says the Mahama-led administration has had to borrow a lot because it intends to complete all the uncompleted projects started by the erstwhile Kufuor administration. According to him, claims by the opposition MP�s that the government is over borrowing is hypocritical since they know what the monies are being used for. The Minority leader Osei Kyei Mensah-Bonsu Wednesday raised concerns over the rate of borrowing by the NDC administration. He warned that if the situation continued international confidence in the country�s debt servicing ability Will be eroded. In a sharp response, however, the Nadoli Kaleo MP said :�They are raising issues about borrowing and projects, I�m saying that these were projects that were initiated and started in 2008, in fact some were even started in 2007 without any budgetary allocation.� He added: � this government was compelled to borrow money to pay for those projects. Bagbin cited the Sofoline Interchange, the Achimota Ofankor road, the Dansoman road and a host of other projects started by the Kufuor administration to buttress his claims. He said the NDC government will continue to borrow in order to fix the country�s infrastructural deficit.