GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Top Stories

There Is Logic In Mahama’s Borrowing

September 29, 2016
in Top Stories
Share on FacebookShare on Twitter

Deputy Minister for Justice and Attorney-General, Dr. Dominic Ayine, and Member of Parliament for Bolgatanga East Constituency, says President John Dramani Mahama is second to Ghana’s first President, Dr. Kwame Nkrumah, when it comes to delivery of infrastructure, and, therefore, deserves a second term in office.

You Might Also Like

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

The Diverse Currencies of Africa: Impact on Economic Growth

Speaking at the launch of his campaign at Zuarungu, near Bolgatanga in the Upper East Region, the law doctor accused the opposition New Patriotic Party (NPP) of trying to fool Ghanaians to believe that it was wrong for the current NDC-led administration to borrow and invest in infrastructure.

According to him, it is the same thing the ancestors of the NPP did to Dr. Kwame Nkrumah when he borrowed to invest in infrastructure.

“When Kwame Nkrumah built the Tema Motorway; when Kwame Nkrumah built the secondary schools around the country; when Kwame Nkrumah opened factories in this country, the ancestors of the current NPP said that he was borrowing too much.

“They said he was wasting resources and saddling future generations of Ghanaians with public debts, and by that time they had connived with the military to overthrow Dr. Kwame Nkrumah.

“So, whilst in exile, he sent a very short message to Ghanaians. And that message was very simple. And that message was that – It is only a fool that doesn’t know that when you borrow and you develop infrastructure, the debt turns into an asset.

“The debt has turned into an asset; it is no longer a liability. That asset, in some way or the other, will generate revenue to pay for itself.

“Even if it is not generating revenue to pay for itself, people of the country will have their welfare enhanced as a result.

“As we speak now, the Akosombo Dam water is low, and we have a deficit in electricity supply. The Akosombo Dam today is not a liability. He borrowed to build it, and it has become an asset, since it was built in the 1960s.

“But the message of the NPP is to fool Ghanaians to believe that the e-blocks (day schools) that his Excellency is building, the 123 that are under construction, are liabilities for the people of this country. They cannot be liabilities.

“Are you telling me that the e-block in Gambiigo, when it is completed, it is going to be a liability? It is going to be an asset to the people of Gambiigo, and it will enhance human development of the people of the area. How can that be a liability?” he queried.

Paying tribute to President Mahama, his ministers and appointees, the law doctor said he has been able to develop his constituency in a phenomenal way, and recounted the construction of the Zuarungu market; ongoing construction of a modern library at Zuarungu Central; his personal supply of 10 boreholes and an additional 13 boreholes provided by the government; construction of schools at Duubila, Kombosco and Nyokokor. These projects, he said, were meant to enhance the welfare of the people.

Dr. Ayine also said: “I want to tell the people of this constituency, and the people of this country, that the negative message of the NPP is getting too much. I want to tell the people of this country that the NPP should tell us what they are coming to do better than his Excellency President John Dramani Mahama. They should stop the politics of insults. They are in opposition. Tell them that the insults will keep them perpetually in opposition.”

Mr. Albert Abongo, Upper East Regional Minister, who launched the campaign team of Dr. Ayine, advised members of the party that in spite of their differences, they should not hurt one another in the lead up to the polls.

Some NDC parliamentary candidates present at the launch included Mr. James Agalga of Builsa North, Isaac Adongo of Bolgatanga Central, Rudolf Amenga-Etego of Chiana-Paga, and Dr. Nawani of Nabdam Constituency.

Former Upper East Regional Minister Alhaji Mohammed Limuna, and now Minister for Food and Agriculture, was also present.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: africaAkosombo DamAlbert AbongoAlhaji Mohammed LimunaAttorney GeneralDeputy MinisterDominic AyineE-Blocke-blockselectricity supplyExcellencyfirst presidentghanaGovernment of GhanaIsaac AdongoJames AgalgaJohn Dramani MahamaKwame Nkrumahlaw doctorMember of ParliamentministerMPs elected in the Ghanaian parliamentary electionNawaniNew Patriotic PartyNew Patriotic Party (NPP)nkrumahpoliticsPolitics of GhanapresidentRegional MinisterRudolf Amenga-EtegoTema MotorwayVice-Presidents of Ghana

Related News

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

by ghanastar
February 25, 2024
0

In a poignant ceremony held on Saturday, February 24, 2024, at the Forecourt of the State House, hundreds of mourners...

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

by ghanastar
June 17, 2023
0

In a heartfelt revelation of his life's journey, the Vice President of the Republic, His Excellency Dr. Mahamudu Bawumia, spoke...

The Diverse Currencies of Africa: Impact on Economic Growth

The Diverse Currencies of Africa: Impact on Economic Growth

by ghanastar
June 17, 2023
0

Africa, a continent rich in cultural diversity, is home to a vast array of currencies. With 54 recognized countries, each...

Suicide at Aburi Botanical Gardens: Man Found Dead

Suicide at Aburi Botanical Gardens: Man Found Dead

by ghanastar
January 14, 2023
0

A man, believed to be in his fifties, has died by suicide in the Aburi Botanical Gardens in the Eastern...

Next Post

ECG To Cut Power Distribution Losses By 30%

Only Ignorant Aspiring MPs Will Make Promises – Mensah-Bonsu

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com