President Nana Akufo-Addo has vehemently rejected claims that his government’s reckless borrowing and spending is to be blame for the country’s current debt situation.

According to the President, it is worth noting that the debts the country is servicing were not only contracted during the period of his 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. 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,” the President said in his Address on the State of the Nation on the floor of Parliament on Wednesday March 8, 2023.

He touted his government’s achievement in the past six years.

“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 (6) years. As I go around the country, I hear the pleas for roads, schools, 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,” President Akufo-Addo noted.