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
-
Britney Spears arrested on suspicion of driving under the influence
33 minutes -
Harry Styles shares how Liam Payne’s death made him relook at his life
44 minutes -
Labour unrest could scare investors – Austin Gamey warns
46 minutes -
Blaming new gov’t alone over CLOGSAG intended strike ‘not fair’ – Austin Gamey
53 minutes -
Court remands aluminium fabricator over gold robbery
55 minutes -
KNUST returns to pre-COVID-19 calendar, begins 2026/27 academic year in October
57 minutes -
CLOGSAG says strike inevitable after failed engagements with government
60 minutes -
Panel suspends medical director, two doctors over Chimamanda son’s death
1 hour -
SONA: Mpraeso MP questions funding of One Million Coders Programme, cites possible PFMA violations
1 hour -
Majority, Minority trade blame over pirate attack during debate on President Mahama’s SONA
1 hour -
SONA: Mpraeso MP questions gov’t’s silence on AT Ghana as over 3m subscribers face uncertainty
1 hour -
‘We don’t target children’ – Israeli Ambassador reveals probe into deadly Iranian school strike
1 hour -
Economic Zones Chamber applauds CBI for launching world’s largest Calcined Clay Cement plant in Tema
3 hours -
Residents attack fire officers for arriving late to a fire outbreak at Konongo
3 hours -
President Mahama adds rice, tomato puree, mackerel to land transit ban, proposes pasta next
3 hours
