Chairman of the Government Assurances Committee of Parliament, Samuel Okudzeto Ablakwa, has stated that the erstwhile Mahama administration bequeathed some funds to the State before leaving office.
However, he says the Akufo-Addo/Bawumia government has depleted everything that was left by the previous administration.
For this reason, the next administration of the NDC has promised an ‘operation retrieve all loot’ to recoup every penny the State has lost, including all transactions that smear of corruption.
Speaking on Maakye on Onua TV’s morning show Monday, August 26, 2024, the North Tongu Member of Parliament disclosed that John Mahama left US$270 million in the Ghana Infrastructure Investment Fund (GIIF), US$500 million in the Sinking Fund as well as a US$300 million in the Stabilisation Fund.
These monies, which he challenged the public to crosscheck from the Bank of Ghana and the Finance Ministry to peruse for their curiosity, were all wasted by the Akufo-Addo/Bawumia government.
The Ranking Member on Parliament’s Foreign Affairs Committee is confident Mahama’s operation retrieve all loot will help uncover where most of the monies wasted to corruption and other dubious deals went to.
He added that, the incumbent administration also made a lot of gains from the Covid-19 pandemic, aside from borrowing over GHC600billion which is over 300% of the total debt left by Dr. Kwame Nkrumah in 1957 to John Mahama in 2017, totaling a GHC122billion.
Ghana’s debt stock now stands at GHC750billion.
As part of Mahama’s first 120 days social contract with Ghanaians, he says he will institute inquiries and/or forensic audits into the matters of public interest including the collapse of Indigenous Ghanaian banks and financial institutions at a supposed cost GHC25 billion, illegal printing of money, the US$58 million National Cathedral scandal, illegal and inflated single-sourced contracts.
Also amongst the issues he will be instituting inquiries and/or forensic audits into includes the COVID-19 expenditure scandal, PDS, Agyapa, SML, Ambulance spare parts deal, 13th African Games, Sky Train, Pwalugu Dam, Maths Sets, Galamsey Fraud, missing excavators and tricycles, Sputnik-V, BOST scandal, and others.
Source:onuaonline.com