Mr. Fifi Kwetey, Deputy Minister for Finance literally tore Hon. Akoto Osei, a former Minister in the Ministry of Finance in the NPP Administration into shreds when he revealed that the NPP�s Economic Management Team squandered the $750 million sovereign Eurobonds the NPP government accessed in 2007 because there is not a single structure in Ghana or a road that the former government could point to as one built from the Eurobonds.
The Deputy Minister made the revelation last Saturday during Radio Gold�s Alhaji & Alhaji programme. He said while the money has been squandered, ten years time from the day the Eurobonds was accessed, Ghana would have to pay back with a very huge interest.
In 2007, the then NPP government accessed the sovereign Eurobonds worth $750 million. The money was to be used in only the energy, road and railways sectors of the country. According to Mr. Kwetey, the money was never utilized for any of these sectors, providing his point with the assertion that the erstwhile NPP government cannot point to any single structure in the country as a beneficiary of the Eurobonds.
Mr. Kwetey said the NDC government had had to use its first year in office to stabilize the economy because the NPP left it in a very terrible state. He said in spite of the economic mess the NPP government had plunged the country into, it continued to bandy figures and statistics about to deceive Ghanaians into believing that all was well with the economy.
He queried how an economy could be said to be doing well when its poultry, timber, rice and textile industries were collapsing by the day leading to the loss of thousands of jobs. He asserted that the NPP government was so bereft of ideas that even its own Presidential Special Initiatives, PSIs, were a total flop.
Mr. Kwetey said shaving stabilized the economy, the Mills Administration was in pole position to deliver on its promises not through imaginary figures and statistics but by creating the enabling environment that would see an appreciable rise in the standards of living of all Ghanaians.
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