Minister for Government Communications, Felix Kwakye Ofosu, has issued a firm response to the Minority in Parliament, emphasizing that the current administration inherited an economy in severe disarray.
Speaking during the debate on the 2026 Budget, he argued that the economic condition handed over by the previous government was extraordinarily poor.
“Mr Speaker, it is a matter of public record — and beyond dispute — that we inherited an economy in shambles,” he stated.
He added that economic performance must be assessed using objective indicators rather than partisan narratives.
According to him, available data clearly shows that the former administration drove the country into significant economic turmoil.
“As has always been noted, economic analysis relies on specific indices — measurable metrics that are not subject to personal opinion,” he stressed.
Mr. Kwakye Ofosu further claimed that under the previous administration, Ghana experienced its first-ever sovereign default, a development he described as historically damaging.
He noted that the country’s credit rating plummeted to its lowest levels, prompting international agencies to classify Ghana as a high-risk nation.
“For the first time in Ghana’s history, a government defaulted on its debts, and our credit rating fell to junk status,” he said.
The Minister added that this level of decline earned the outgoing administration what he called a “Borla economy,” borrowing a local term meaning rubbish.
“In local parlance, we call it ‘Borla’ — rubbish. That was the state of our ratings,” he remarked, asserting that the economic fundamentals had collapsed well before the new administration assumed office.
He urged the Minority to acknowledge the depth of the economic deterioration they oversaw, rather than shifting blame onto the current government for problems rooted in earlier mismanagement.
He concluded that honest reflection is essential for a constructive national discourse and meaningful progress.
