Prez. Mahama is destroying Ghana’s economy – Osafo Marfo

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1434622570A former Minister of Finance under the Kufuor administration, Yaw Osafo Marfo, has rejected President John Mahama’s recent pronouncement that the last four years of his administration has seen massive improvement in social infrastructure.

The President, while inaugurating one of the Community Day Senior High Schools (SHS) at Kwaobaah Nyanoa in the Eastern Region on Thursday, explained that the projects will be the spring board for Ghana’s economic take off.

He argued that his first four years had been spent improving Ghana’s ailing economy. “Currently, in all the road construction that’s going on in this country, 95% of the contractors are Ghanaians and not foreigners.

And so by doing this, we are expanding the road construction industry and making Ghanaians take advantage of the commanding heights of that particular industry.”

“In 2012 when I became President, there were six foreign companies that had asphalt plants to be able to do asphalt roads.

Today, 22 Ghanaian companies have their own asphalt plants and these are the gains that we are making in this country.”

The President concluded by saying that when he is given a second term, he will use to improve the pockets of Ghanaians.

But speaking to Citi News, Yaw Osafo Marfo said there is no evidence to back the President’s claims.


He posited that Mahama has rather destroyed the prospering economy his predecessors left behind.

“When you talk about social infrastructure, what do you mean?

If you are talking about social infrastructure, you are talking about education and health; and when you talking about these two, it is Kufuor who provided the basic social infrastructure.

You are talking about National Insurance Health Scheme (NHIS), it is being destroyed so I cannot see how the President is building the social infrastructure, from which angle?

Go through the system and find out the road network which Kufuor built, the road network which Rawlings built, the road network which Mahama is building or has built and you can do the analysis properly.”

He added that “You cannot just sit and say that I’m building a social infrastructure. There was a debt of 9.2 billion and we are now grappling with a debt of 99 billion, there must be a lot to show for all the money?

Where is it? When you meet inflation of about 17 and you keep it there; when you meet a cedi to a dollar ratio of 1.1 to 1 and now we are talking about 4 cedis to a dollar, are we not destroying the economy?

The economy is in difficulty and we should get it with facts not with fiction.”


ABOUT: Nana Kwesi Coomson

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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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