Member of Parliament for Tamale South and Education Minister, Haruna Iddrisu, has called for a ceiling to be placed on how much Ghana can borrow.
According to him, the country should not be allowed to overborrow just like the previous government did.
He is of the view that overborrowing is destroying the country, and the earlier something is done about it, the better for the country.
“Mr Speaker, again let this Parliament work for the people of Ghana. Ghana needs to have a ceiling on how much we can borrow. It cannot be at every time as it pleases the Finance Minister, he walks here, Parliament fails in its responsibility, grants him,” he said while speaking to Parliament.
Adding that “between 2017 and 2021 before COVID, $3.5 billion, yet the previous NDC administration did just $1.5 billion. So again, elephant appetite for borrowing. Your government had an elephant appetite for borrowing.
Every time you wanted to borrow. You undertook physical infrastructure; you said you were building Agenda 111 hospitals, 88. At least if two or three were functional, it would make a meaningful contribution to maternal health and improve healthcare delivery in Ghana. Your overambitious initiative; you got none completed. You were more interested in winning votes at the December election than caring for Ghanaians,” he said.
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