Previous President John Dramani Mahama has made a few profound charges against the Nana Akufo-Addo organization.
As per Mr Mahama, the Nana Akufo-Addo-drove government diverted the Coronavirus pandemic bonus of over GH¢33 billion intended to pad the economy into its 2020 mission exercises.
He offered these remarks at the 24th African Business Meeting coordinated by the Harvard Business college.
Talking about how African nations can shake off the impacts of the Coronavirus pandemic, Mr Mahama featured the antagonistic effect of the pandemic on the African landmass.
"Information from the Financial Commission of Africa, ECA shows that Coronavirus made the mainland's most exceedingly terrible downturn in 50 years with genuine Gross domestic product contracting by a normal of 3% in 2020. Before the pandemic, neediness decrease was at that point a significant test. The pandemic is assessed to have hauled around 55 million additional individuals into destitution in Africa and uncovered one more 46 million more to the gamble of appetite, and malnourishment. For sure 70% of craving in Africa, which had proactively been on the ascent starting around 2014 is straightforwardly owing to this pandemic."
"Like state-run administrations everywhere, it became important for African legislatures to make a move to protect their populace from the impacts of the pandemic. This implied as a rule an expansion in shortfalls due to unbudgeted uses. This has crushed numerous African economies and sank them more profound into impractical obligations and monetary slumps. The pandemic affects the economy of African countries. Yet, a few nations have ridden the wave more effectively than others because of the flexibility of their economy, discipline, and judicious utilization of their asset envelopes during the time of the emergency."
Reducing on his nation, Ghana, the previous President said the country's ongoing authority, in contrast to different nations, was not sufficiently proactive to have set up measures to facilitate the predicament of Ghanaians notwithstanding the pandemic.
"In my nation Ghana, our economy has arisen in very unfortunate shape from the Coronavirus experience. The swelling deficiency, twofold digit expansion, the plunging cash, and expanding obligation trouble, are a portion of the side effects of an exceptionally sick economy. Ghana's destiny was not difficult to foresee with the carefree treatment of the economy by the ongoing organization. We went into the pandemic without satisfactory support, and have arisen with an appallingly battered economy."
"To exacerbate the situation, the pandemic bonus of over GH¢33 billion which might have padded the economy remains unaudited and is accepted to have been utilized generally in the mission to win the 2020 races at all expense," he added.
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