Former Finance Minister Seth Terkper has strongly criticized President Nana Addo Dankwa Akufo-Addo’s claims about his government’s unparalleled achievements and investments in the education sector during the fourth republic.
In a tweet spotted by GhanaWeb Business, Mr. Terkper countered by highlighting that what truly stands out in the fourth republic is the debt restructuring carried out by the ruling New Patriotic Party under President Nana Addo Dankwa Akufo-Addo’s leadership.
Mr. Terkper pointed out that the accumulation of domestic and external debt would place a substantial burden on both current Ghanaians and future generations.
He argued that Akufo-Addo’s perceived success can be largely attributed to the substantial amount of loans acquired by his administration.
“With all due respect, assets match liabilities, with the apparent success sitting on a pile of loans. In reality, what seems unmatched in the 4th Republic is a default & exchange/restructuring of our domestic/external debt that could burden present & future generations beyond 2040,” Seth Terkper wrote in his tweet.
During the 61st Annual Conference of Heads of Assisted Secondary Schools (CHASS) at Achimota School in Accra on October 11, 2023, President Akufo-Addo highlighted his administration’s accomplishments in the education sector. He emphasized his government’s steadfast dedication to education, which has resulted in substantial advancements in terms of accessibility, quality, and pertinence, positioning Ghana as a leading example of progress in the region.
Furthermore, President Akufo-Addo asserted that his government’s achievements and investments in the education sector have set an unparalleled standard within the context of the fourth republic.