Kojo Oppong Nkrumah, the Ranking Member of Parliament’s Economy and Development Committee and Member of Parliament for Ofoase-Ayirebi, has slammed the John Mahama government for eyeing nearly $1 billion following Ghana’s exit from the International Monetary Fund (IMF).
The NPP MP criticises the NDC government for presenting nearly $1 billion in loan approvals to parliament only 3 months after declaring the IMF program over.
According to Oppong Nkrumah, the NDC government’s move contrasts with the NDC in opposition, which accused the former Akufo-Addo government of over-borrowing.
Oppong Nkrumah advised the NDC government to get their revenue measures right and prioritise expenses, to spend treasury resources on what matters most.
In a post shared on X, Kojo Oppong Nkrumah wrote, “It has been 9 weeks since the NDC announced that the IMF has left town. Today they’ve brought loans of nearly $1 billion to parliament for approval. The same party that said the NPP overborrowed has started borrowing billions of USD, 9 weeks after the IMF left.
This is bcos govt has chosen to spend the limited resources on pushing nice headline figures while the lived experiences of people say otherwise. Dear NDC, get the revenue measures right so you don’t have to go this way. Prioritise expenses so you spend treasury resources on what matters most”.
Some Ghanaians reacting to Oppong Nkrumah’s post stated, “The NDC and President Mahama have very little to offer to the people of Ghana. Settings nkoaa! They lied their way to power without any actionable policies, No Action, Talk Only -NATO”.
One X user added, “You’re misrepresenting their old position. The criticism was never that borrowing is inherently wrong. It was about reckless borrowing without corresponding results. Every government may borrow, but the real test is whether the loans are necessary, sustainable, transparent, and deliver value for Ghanaians. Those are the standards that should apply to every administration sir”.
A netizen added, “Acknowledge your sincere and patriotic approach to this matter. If we could always do our politics this way, we wouldn’t have been here talking about flooding in our capital city after our groundbreaking 1957 Independence. Thank you Honorable”.
“Whenever one propaganda fails, you move to the next propaganda. Why don’t the NPP use this time to build their narrative for the next election and leave the government to the people? They will feel the wrath of the people when they fail. You can use 2024 as a yardstick”, one X user added.
A netizen added, “Kojo, let me refresh your memory since it seems a bit hazy. You left office barely two years ago, leaving the economy in junk status. The very person who managed that economy is now in self-imposed exile. So what exactly are you talking about? Maybe it’s best to keep quiet instead of pretending we’ve all forgotten. Shhh”.
Another X user added, “Securing strategic loans after the IMF programme reflects responsible fiscal action to fund critical needs, in contrast to the NPP’s reckless borrowing that crippled the economy, and the government is actively strengthening revenue and prioritising spending to ease hardship”.
One last netizen added, “When President Nana Addo Dankwa Akufo-Addo’s administration ended in late 2024, Ghana’s total public debt was reported at approximately $49.4 billion, or over GH¢760 billion in local currency terms, according to various economic and public discussions”.
Oppong Nkrumah’s post comes on the heels of Parliament approving a US$300 million International Development Association (IDA) credit facility to finance the Secondary Education Transformation for Access, Relevance and Results for Jobs (STARR-J) Project.
According to reports, the loan is aimed at expanding access to secondary education and improving the quality and relevance of teaching and learning.
The loan will also strengthen technical and vocational education, enhancing education sector governance and eliminating the double-track system.
Parliament’s Joint Committee also disclosed that US$257.7 million, representing about 86 per cent of the facility, will be allocated to infrastructure development to address Ghana’s secondary school infrastructure deficit.
The infrastructure component will finance the construction of 10 new secondary schools in underserved districts, rehabilitation of 150 schools, and the upgrading of 30 Category C schools to Category B, and 20 Category B schools to Category A.
Also, Parliament approved a $500 million World Bank credit facility to finance the rehabilitation of feeder roads across nine regions, aiming to sustain all-season farm-to-market connectivity and support agricultural value chains.
See the post below:
It has been 9 weeks since the NDC announced that the IMF has left town. Today they’ve brought loans of nearly $1 billion to parliament for approval. The same party that said the NPP over borrowed has started borrowing billions of USD, 9 weeks after the IMF left. This is bcos govt…
— Kojo Oppong Nkrumah (@konkrumah) July 21, 2026
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