A Nation in search of a Cathedral

The eight year rule of the NDC we saw them borrowed a whooping Gh S 79bn. We thought there cannot be bad managers of the economy because the NDC has at its disposal the crude oil from Jubilee oil field in addition to all the tradition sources of revenue. Ghanaians were made to believe and it was true that the NDC had unprecedented revenue inflow than any government before it. With the help of the media, corruption and mismanagement were cited as the reasons why the NDC had to borrow such a colossal amount in less than a decade. The decision of the NDC to go to the IMF for what they called policy credibility was the last straw that broke the camel’s back, what it meant was that, the NDC admitted that the investor community had lost confidence in their ability to steer the affairs of Ghana’s economy. Especially after Dr Alhaji Mahamoud Bawumia had predicted that the trajectory of the economy was being driven towards the IMF and ultimately it landed there. It was therefore difficult to remove tag of incompetence ably posted on the NDC government with the help of civil society especially in the midst of corruption allegations leveled against some key members of the NDC government by the NPP and their media Cabal. From this amount the NDC build the cape coast stadium, Terminal three at the kotoka international airport, facelifted the Kumasi and Tamale International airports, the kejetia terminal, the sofoline interchange, circle and kasoa interchange, the ridge hospital the university of Ghana medical school, the sewua hospital, and a plethora of capital projects including sawla/fulfulso road, the cocoa roads and a major part of the eastern corridor road. The NPP in government has borrowed GhS 49bn in less than two years in office plus the three oil wells (TEN = Tweneboa, Enyira and Ntome) that has been added to the jubilee field in addition to all the traditional sources of revenue. The NPP has now displaced the NDC it displaced politically as the Government with unprecedented revenue stream in the history of this country called Ghana. But with this unprecedented revenue, they have also exhibited an unprecedented abysmal performance. Not only has their revenue been unprecedented, their borrowing has also been unprecedented within the spat of time they’ve been in office and with no single capital investment of their own to point to. The question on the minds of many a Ghanaian is what did they do with the money? If we described the NDC as incompetent, now there is not adjective to describe the NPP in government. The irony is that it is the NPP government that is seeking to borrow US$50bn from the Chinese in what they called the century bond, from their two years of flagrant display of legendary incompetence in government is there a doubt in the mind of anyone that it would be used for consumption? When nations are leaving infrastructure and wealth as legacy, the thinking in the governing NPP is about leaving a legacy of debt for the future Ghana. May be we need a National Cathedral after all to sing bobolibobo.