Mahama, who misplaced the 2016 and 2020 elections to President Nana Addo Dankwa Akufo-Addo, described the present variety of authorities ministers as “extreme.”
In a World South World unique, the previous head of state expressed that the nation’s challenges have been made worse by excessive authorities expenditures below the Akufo-Addo administration. Mahama shared that the utility payments and housing amenities supplied for political appointees compounded the nation’s money owed.
“I imply, at a degree, this authorities had 125 ministers. . And I imply, that clearly is extreme. Even now they’ve 87 ministers. And so we’ve promised that we will lower that right down to 60 ministers. We’ll lower down the variety of political appointees. I imply, while you try this, you are reducing down the variety of homes you need to present for these appointees. You might be reducing down the variety of automobiles you need to purchase for them. You are reducing down the quantity of gas they’ve to make use of. You might be reducing down the electrical energy and utility payments that you just usually present for such individuals,” he mentioned.
Past reducing down authorities expenditure, Mahama, who’s contesting the presidential election for the fourth time, prompt that Ghana wants a “whole reset” to have financial stability.
“We have hit a lifeless finish. Our financial system is in disaster, and all the pieces else has a linkage to the financial system. Inflation is up,” Mahama mentioned. “Once you use your telephone and it will get frozen, what do you do? You reset it; you restart it. And so we have to restart.”
As of July 2024, Ghana’s finance minister, Mohammed Amin Adam, introduced that the nation’s debt had shot up from the GH¢658 billion ($42.9 billion) recorded in February 2024 to GH¢742 billion (US$50.9 billion).
Watch the total interview under:
