Though the government has been borrowing from the International Monetary Fund (IMF) and other Monetary institutions same as other African countries, let’s look at the picture from this angle; if you have a sick kid and you do not have money to take the kid to the hospital but have friends who can offer you money with flexible terms and conditions, would you prefer to let your kid die or get this help and later in the future settle the debt?
I know some will argue that we have enough resources and other internally generated funds that we can depend on but the question is how long will it take us to exploit these resources or make these resources readily available in monetary terms to meet the growing needs of the people.
We can borrow to meet the needs and we as well exploit these resources in a rightful manner and have enough time to settle these debts.
Mind you, the monies borrowed are spent on critical needs of the people such as the building of hospitals, other vital infrastructure activities like school, roads, factories, warehouses, dams, electricity expansions, entrepreneurial skills, farming, and other relevant projects.
It is no big deal to borrow to invest in policies and projects that bring relief to the ordinary Ghanaian but not kept in the pockets of few greedy politicians who will eat with both hands.
Other governments borrowed and used it on projects which are not worth it or haven’t brought any relief to the people on the ground, such projects have become white elephants wasting away with the passing of every time that goes by.
To me, the current government borrows to help accomplish a vision worth it and justifiable by the people. The government as we all know is more accountable to the people of Ghana than any government we have ever had.
A government where systems work and structures are followed.
Asokwa Constituency 1st Vice Chairman
Members of NPP National Communication