According to Samuel Okudzeto Ablakwa, the chairman of the Government Assurances Committee of Parliament, the previous Mahama administration left the State with a few funds before it left office.
He claims, though, that everything left over from the former government has been consumed by the Akufo-Addo/Bawumia administration.
Because of this, the next NDC government has pledged to launch a “operation retrieve all loot” in order to recover all of the money the State has lost, including any transactions that appear to be corrupt.
The North Tongu Member of Parliament said during her Maakye segment on Monday, August 26, 2024, on Onua TV’s morning show that John Mahama left US$270 million in the Ghana Infrastructure Investment Fund (GIIF), US$500 million in the Sinking Fund, and US$300 million in the Stabilisation Fund respectively.
These funds were completely squandered by the Akufo-Addo/Bawumia administration, and he challenged the public to double-check them from the Bank of Ghana and the Finance Ministry to look through for themselves.
The ranking member of the Foreign Affairs Committee of Parliament is optimistic that Mahama’s operation to recover all plunder will help identify the source of the majority of the funds lost to corruption and other questionable transactions.
He continued by saying that in addition to borrowing more than GHC600 billion—more than 300% of the total debt owed by John Mahama in 2017 to Dr. Kwame Nkrumah in 1957—the current administration also benefited greatly from the Covid-19 pandemic.
The current value of Ghana’s debt is GHC 750 billion.
As part of his first 120-day social contract with Ghanaians, Mahama promises to launch investigations and/or forensic audits into a number of public interest issues, such as the alleged GHC25 billion cost of the collapse of indigenous Ghanaian banks and financial institutions, the illegal money printing scandal, the US$58 million National Cathedral scandal, and inflated and illegal single-sourced contracts.
The COVID-19 expenditure scandal, PDS, Agyapa, SML, ambulance spare parts deal, 13th African Games, Sky Train, Pwalugu Dam, Maths Sets, Galamsey Fraud, missing excavators and tricycles, Sputnik-V, BOST scandal, and other issues are among those into which he will be opening enquiries and/or forensic audits.