Minister for Government Communications Felix Kwakye Ofosu has launched a strong rebuttal against the Minority in Parliament, insisting that the current government inherited an economy in complete disarray.
Contributing to the debate on the 2026 budget, he argued that the economic conditions left behind by the previous administration were unprecedentedly poor.
“Mr Speaker, that the economy we inherited from them was in shambles is a matter of public record and is not in doubt,” he declared.
According to him, economic performance is judged using objective criteria, not partisan interpretation.
He said the evidence clearly shows that the previous government plunged the country into deep economic distress.
“As it has always been said, economic analysis is done on the basis of specific indices. There are metrics you use to measure performance which are not subject to opinion,” he emphasized.
Mr Kwakye Ofosu asserted that Ghana entered its first-ever sovereign default under the previous administration, a situation he described as historically damaging.
He stressed that the government’s credit rating sank to its lowest point, compelling international agencies to classify Ghana as a high-risk country.
“For the first time in the history of Ghana, a government defaulted on our debts and our credit rating was at junk status,” he stated.
The Minister said this level of deterioration earned the outgoing administration a “Borla economy,” borrowing from local slang meaning rubbish.
“In the local parlance, we call it ‘Borla’, to wit rubbish — that was the state of our ratings,” he remarked, insisting that the economic fundamentals were already broken long before the new administration took office.
He urged the Minority to acknowledge the severity of the economic decline they presided over instead of attempting to blame the current government for challenges rooted in past mismanagement.
He stressed that truthful reflection was necessary for constructive debate and national progress.