Former Member of Parliament for the Ayensuano seat Samuel Ayeh-Paye has reacted to a statement made by World Bank Country Director Pierre Frank Laporte regarding the current state of the economy.
According to Pierre Frank Laporte, the country director for Ghana for the World Bank, the government is burdened by the energy sector and it will remain so unless significant reforms are made. This is one of the issues that led Ghana to the point where it is now looking to the International Monetary Fund (IMF) for assistance.
Samuel Ayeh-Paye claims that the World Bank Country Director has validated the poor governance practiced by former President John Dramani Mahama.
“This poor power purchase agreement by the former Energy sector ministry under John Mahama has saddled the energy sector with enormous avoidable debt,”Samuel Ayeh-Paye exclusively told Kwaku Owusu Adjei on Adwenepa on Accra-based Original FM 91.9.
“The NDC created a self-artificial power crisis to allegedly pocket millions of cedis, and this made them sign these questionable power purchase agreements that have created so much of a mess for the current government to bear all these costs,” he continued.
He asserts that the New Patriotic Party (NPP), which is currently in power, is the only party capable of rescuing Ghanaians from this disaster and the NDC’s avaricious ways.
He claimed that if not for this preventable bad debt, Ghana would have had more than $7 billion, which would not have required us to turn to the IMF for financial assistance.
Samuel Ayeh-Paye bemoaned that “someone has run the entire economy, the energy sector into take-or-pay and we are paying a huge debt while we need this billion dollars to turn the economy around.”
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Source: Richard Obeng Bediako ll Metrotvonline.com ll Ghana
