Mr Kwetey argues that the NPP government had a lot of revenue from drug money but still found it difficult to transform the economy.
Addressing a press conference in Accra as part of the National Democratic Congress (NDC)’s ‘Setting the Records Straight’ series ahead of the December polls, Mr Kwetey said the NPP government had a lot of revenue from drug money but still found it difficult to transform the economy.
“It should be noted that; we tried not to even make reference to the fact that the NDC period was a period when the economy of Ghana was not inundated with massive cocaine cash as was experienced during the eight years of the NPP, when the floodgates of cocaine were opened and Ghana became a virtual cocaine hub,” Kwetey said.
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Fifi Kwetey, however, argued that the ‘cocaine cash flowing into the economy’ was curtailed by the Mahama-led administration when it took over power from the NPP.
“Throughout the period of the eight years of the NDC from 2009 till now, Mr Mahama has competently ensured that we do not have any of the ‘cocaine cash’ flowing into the economy,” he said.
Mr Kwetey’s comments come on the back of accusations by the NPP that the current NDC administration led by President John Mahama is having enough revenue from foreign loans and oil, but has still not been able to transform the lives of Ghanaians.
But Fifi Kwetey disagrees, saying that the NDC government has managed the economy better than the NPP. “In fact, this year, we anticipate that the total compensation package is going to hit about GHS12 billion plus and NDC has still been able to manage that and still keeps the economy well in spite of these very huge challenges,” Mr Kwetey added.
He said the NDC has “never throughout all these eight years had to resort to using Eurobond money to pay salaries or to sell any national assets in a bid to stay afloat; no, we have never had to resort to that”.