The Member of Parliament for Walewale, Abdul Kabiru Tiah Mahama, has accused President John Dramani Mahama of misleading Ghanaians about the country’s financial reserves, calling his statements a deliberate distortion of facts.
His criticism follows President Mahama’s claim that Ghana’s Sinking Fund holds only $64,000 and GH₵143 million, contradicting the NPP administration’s assertion that they left behind substantial financial buffers for debt repayment.
“A government that seeks to carry the people along should not resort to falsehoods or unfounded allegations against its predecessor,” he stated.
According to Kabiru Mahama, who previously served as a technical advisor to former Vice President Dr. Mahamudu Bawumia, the president intentionally omitted key financial reserves to create a false impression of economic distress.
He explained that Ghana had multiple financial reserves, including the IMF Proceeds Fund, Eurobond Proceeds Fund, and Treasury Main Account, which hold surplus revenues, in addition to the Sinking Fund.
“It is misleading to claim the NPP government left only $64,000 in the Sinking Fund. There are different sinking funds, and if the president cherry-picks just one, he is not presenting the full truth,” he emphasized.
Providing figures to support his claim, Abdul Kabiru Tiah Mahama stated: “For instance, in the Treasury Main Account alone, there was an end-of-year revenue of GH₵ 3 billion. There was also GH₵ 700 million from Treasury Bill subscriptions issued in January that remained unused. Additionally, in January alone, the government received GH₵6 billion due to late payments from December.”
He challenged President Mahama to provide a full breakdown of all government financial accounts rather than focusing on a single figure to mislead the public.
“The government has not disclosed how much was spent or realized from all these accounts. Instead, the president conveniently highlights only one to push a false narrative,” he argued.
The Walewale MP insisted that the previous government left behind substantial financial resources, and any claims to the contrary are simply untrue.
“Ghanaians deserve the full picture, not selective information meant to score political points,” he opined.