• Politics

    “It for my children’s future” – NPP MP defends “Ponzi Scheme” comment against gov’t

    Former Deputy Finance Minister Kwaku Kwarteng has clarified his recent criticism of the ruling New Patriotic Party (NPP).

    In an interview on Joy News’ PM Express, Kwarteng addressed the controversy surrounding his critical remarks, stating that economic mismanagement is a persistent issue affecting multiple administrations, not just the NPP.

    Kwarteng explained that his criticism was motivated by genuine concern for the future, particularly for his children. He expressed that he could not support parliamentary decisions that he believed would have detrimental effects on future generations.

    As a former Chairman of Parliament’s Finance Committee, Kwarteng noted that his concerns are shared by several colleagues from both the Majority and Minority sides.

    He called for a culture of healthy debate where differing opinions can be freely expressed without fear of retaliation.

    The Obuasi West MP emphasized the importance of open dialogue in addressing national issues and stressed that alternative viewpoints should be welcomed.

    By sharing his perspective, Kwarteng aims to contribute to a more transparent and effective governance process, advocating for a political environment that values diverse opinions.

    “When I get home from work and I see my kids, I hug them. And the next time, when I come to work, I come and support decisions that will hurt their future. I can’t live with that and I can’t support that,” he said.

    The lawmaker stated that many Ghanaians, including himself, are concerned that if the country continues on its current path, its democracy could collapse, taking all political parties with it.

    He noted that since independence, the political norm has been for parties to sing praises of their past achievements and make grand promises for the future when going into elections.

    “At the same time, a political party must paint its opponents in the worst possible light. We have mastered this art, and in the process, we have forgotten that politics should be about the future of our children and our motherland.

    We have reduced election campaigns to bitter struggles between competitors seeking power for the wrong reasons.”

    Kwaku Kwarteng also likened the management of Ghana’s economy to a Ponzi scheme.

    According to him, the current economic challenges at both national and household levels stem from decades of poor governance, marked by political mismanagement and economic inefficiency across various administrations.

    tigpost.co

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