Refuting claims made by the current government that only one hospital had been built, Dr Adams clarified that under the administration of former President Akufo-Addo, the Atwi­ma Kwanwoma Municipal Hospital in Trede, the Oforikrom Municipal Hospital in Kokoben, and the Ahanta West Municipal Hospital in Bokro, were operational.

Speaking at a press conference to deliver what the minority New Patriotic Party (NPP) caucus termed the “True State of the Nation Address” in Accra, Dr Adams mentioned that there was a dedicated funding source of $1.3 billion to complete all remaining Agenda 111 hospital projects.

He explained that the funding was drawn from the Direct Government of Ghana (GOG) budgetary alloca­tion and the Annual Budget Funding Amount (ABFA) from oil revenues.
    

Dr Adams said that these funds were also to be used to complete the Zonal Psychiatric Hospitals, and that the cur­rent government’s claim that there were no sources of funding of the projects was inaccurate.

He highlighted a discrepancy regard­ing the funding needed to complete the Agenda 111 projects, noting that President John Mahama told a group of clergy that he required $1.7 billion, while in a national address, he quoted the amount as GH¢22 billion (equiva­lent to $1.4 billion at GH¢15.5 to $1).

Dr Adams expressed concern over the new government’s plan to redirect the ABFA from oil revenues that were initially allocated to these projects to­ward other initiatives, stressing that, this was unacceptable and warned that it could lead to significant cost overruns, ultimately harming the country.

He stated that the initial plan of the projects included 101 district hospitals, seven regional hospitals, two regional psychiatric hospitals, and one national psychiatric hospital (Accra Psychiatric Hospital)

 However, Dr Adams said the projects were revised to include the three district hospitals, expanding the total to 114.

“As of December 31, 2024, civil works on 37 project sites had reached seven per cent completion or higher, while 28 sites achieved completion levels between 50 per cent and 70 per cent, 36 sites were reported as having completed below 50 per cent.”

Dr Adams noted an average growth in real Gross Domestic Product (GDP) for the first three quarters of 2024 at 6.4 per cent with expectations for the year to exceed the IMF target of four per cent.

He pointed out that this trend out­performed all projections and revisions by both the IMF and the World Bank, stressing: “If this is considered poor by President Mahama’s standards, just compare it to the President’s previous record”.

Dr Adams indicated that in 2016, the economy grew by 3.4 per cent, below the target of 5.4 per cent, and was at four per cent the previous year.

He claimed that the National Dem­ocratic Congress (NDC) government had underperformed by all standards, while President Akufo-Addo’s adminis­tration had overperformed.

“The NDC left office in 2016 with gross international reserves of $6.2 bil­lion, which is equivalent to 3.5 months of import cover.

The true state of our nation is that economic growth has rebounded strongly, the external sector is impres­sive, and our resilience to shocks and external vulnerabilities is at an all-time high,” Dr Adams said.

He emphasized that unlike the NDC, the NPP administration borrowed for development, resulting in a $20 billion increase in GDP by the end of the NPP administration and the creation of 2.3 million jobs over eight years, the highest job creation rate.

“With respect to these projects, our debt management strategy was master­ful, and the President should commend us instead of engaging in politics over it,” Dr Adams said.

He contrasted this with the Mahama administration, which allegedly oversaw a contraction in GDP by $10 billion between 2013 and 2016.

Dr Adams expressed concerns about the government’s handling of the pow­er situation.