You are here: HomeBusiness2015 02 24Article 347873

General News of Tuesday, 24 February 2015


Duffuor, Mould Iddrisu should be ‘cursed into eternity’ – Economist

An Economist and Lecturer at the Kumasi Polytechnic, Thomas Kusi Boafo, has tasked Ghanaians to start cursing former Finance Minister, Dr. Kwabena Duffuor and former Attorney General, Betty Mould Iddrisu for the country’s current economic hardship.

According to him, the two persons despite getting the opportunity to stop the indiscriminate payment of judgment debts to undeserving persons, failed to do so; thus contributing to the crippling of the nation’s economy.

The Lecturer divulged on Burning Issues on Monday that Ghana’s current economic woes began in 2010 when government allocated over Ghc 500 Million for the payment of unbudgeted judgment debts after the first extraction of oil in the country.

The payments, he said, was done on the call of the two, who were indirect beneficiaries of the payments of these judgement debts.

Dr. Kwabena Duffour and Betty Mould Iddrisu were Finance Ministers and Attorney General respectively, under the Mills administration.

“Dr. Duffour has short-changed Ghana, I wonder if he would run his bank and his insurance the same way he run Ghana’s economy.

“If there are two individuals I can single out that if anybody has intention to curse into eternity, it should be the two of them…even the next generation should curse the two of them for initiating whatever reckless payment then…,” he said.

He further revealed to show host Afia Pokua that the two collaborated and initiated some of the payments just to enrich themselves.

Thomas Kusi Boafo also revealed that the government of President John Dramani Mahama borrows an amount of Eight Hundred and Eighty Million Cedis weekly.

According to the lecturer, he is very surprised with the way the President borrows money from various countries, but Ghana is still in economic crises.

“President Mahama borrows an amount of Ghc880 Million a week, just last Friday and Thursday; the government borrowed Ghc1.4 billion through the issuance of a six-year bond…,” he said.

Meanwhile, Cassiel Ato Forson, Deputy Minister of Finance debunked the statement made by the lecturer as he thinks his calculations may be wrong.

He was optimistic that Ghana would not return to HIPC as has been speculated.