MMDAs rendered bankrupt with collateralization of Common Fund – Asiedu Nketia

Johnson Asiedu Nketia, the National Chairman of the opposition National Democratic Congress (NDC), has asserted that the District Assemblies Common Fund (DACF), which was supposed to empower Metropolitan, Municipal, and District Assemblies in the development agenda, has rather made them bankrupt.

He claimed that various assemblies have not been able to initiate new projects  or complete ongoing ones because the Fund has been used by the government as  collateral to secure a loan.

He noted the assemblies have had to rely on loans to operationalise their special duties.

Speaking at a community durbar with residents of Anyinofi in Sekyere Afram Plains Saturday, November 09, 2024, Asiedu Nketia said fueling of vehicles for the assemblies has even become a problem.

“District chief executives borrow money to fuel their cars due to a lack of common fund disbursement to the various assemblies,” he said.

“Various assemblies are underdeveloped due to a lack of financial constraint as result of common fund collateralization,” the NDC National Chair added.

According to Asiedu Nketia, the New Patriotic Party (NPP) administration, despite benefiting from votes from rural communities, does not prioritise their development, the reason it is stifling their development.

“The NDC party is the only political party that is concerned about the welfare of the villagers”.

By Enock Baffoe|AkomaFM|Kumasi

The post MMDAs rendered bankrupt with collateralization of Common Fund – Asiedu Nketia first appeared on 3News.

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