Audio By Carbonatix
Former Deputy Finance Minister, Professor Gyan Baffour has said Ghana’s economy is being run on auto pilot.
According to him, economic indications under the current government show that the country is being mismanaged.
Speaking to Multi TV’s Joy News in an interview at Parliament House after the reading of the supplementary budget presented by the Finance Minister to Parliament today, Prof. Gyan Baffour said "this government is one of the luckiest governments. Gold prices are up, cocoa prices have shot to the roof and oil prices are not doing too bad, yet it is not being felt".
He added that "I suspect they have their priorities wrong”.
Prof. Gyan Baffuor expressed surprise that construction works on major trunk roads have stalled even though the NDC is boasting of having exceeded its targets for this year.
He mentioned that the situation whereby government continuously cries that there is no money is no excuse citing that the NPP in 2008 financed major projects with government revenue.
"So I think the economy is on auto pilot and they are tinkering around mismanagement"
The supplementary budget released 50 million cedis to the Electoral Commission to commence activities preceding the 2012 elections.
8 million out of an allocated 25 million Ghana cedis has been earmarked to fund the activities of the Savannah Accelerated Development Authority.
The NDC administration however believes the developments in the first half of this year point to an optimistic outlook.
Dr. Dufour assured that the government will enforce strictly the budget plans for the rest of the year.
Adwoa Dansowaa Awuku/ Multi TV
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Sanitation Committee backs proposed National Sanitation Authority Bill
9 seconds -
Ashanti Regional Minister refutes claims of Mankranso classroom demolition
2 minutes -
‘Ghana Jollof’ case: Former classmates demand release of remanded nursing officer
4 minutes -
Dancer Rica reveals she nearly quit dancing to focus on school
14 minutes -
Two arrested over alleged CSSPS fraud after collecting up to GH¢22,000 for school placement
17 minutes -
At least 17 killed after vehicle loaded with explosives rams Pakistan mosque
37 minutes -
Doormaster supports COBAANA Medical Centre project to improve access to dialysis care in Bono Region
38 minutes -
Russian hybrid attacks against Europe intensifying, says Macron
38 minutes -
‘She is not a flight risk; even worst criminals get bail’ – GRNMA on detention of nurse in Ghana Jollof case
40 minutes -
Uber ordered to pay $40m to family of woman killed after driver left her on highway
46 minutes -
‘Ghana Jollof’ sent money to others to circulate false news – Police
60 minutes -
Photos: Mahama commissions evacuation of Agbogbloshie waste to Nsawam landfill
1 hour -
From roadside deliveries to safe births: Dadetoklo gets lifeline CHPS compound after years of health struggle
1 hour -
NSA employment summit: Authority targets 70 private placement
2 hours -
43 suspects arraigned over killing of police officer at Gindabour
2 hours