Accomplished global financial expert, Professor Noel Tagoe, is urging government to be measured in its expectation of reviving the economy from the impact of Covid-19.

He describes the recovery agenda announced in the 2021 budget as “ambitious” calling for saying government must tread cautiously.

President Akufo-Addo after the novel coronavirus hit the country won plaudits for providing what described as the much-needed perspective on the global economic meltdown.

Unveiling a raft of support for businesses, he said, “We know how to bring the economy back to life. What we do not know is how to bring people back to life”.

With the whole world reeling from the devastating impact of the virus, Finance Minister Ken Ofori Atta has been charged to restore the Ghanaian economy on its growth path prior to the onset of Covid-19.

But Prof Tagoe said this must not be rushed.

“It’s like having moved from intensive care to the ward. As I see the current budget, it’s as if you are moving from the intensive care to the ward and you are been required to recover very fast,” Prof Tagoe told Kojo Yankson the host of Joy FM’s Super Morning Show, Tuesday.

He added, “I think the pace of recovery that is being canvassed is very ambitious.”

The renowned financial expert warns that should this recovery not succeed it has the potential to affect investor confidence in Ghana.

Government in the 2021 budget announced a raft of tax measures geared at providing revenue needed to fund the covid 19 recovery program among other interventions.

The taxes mainly are targeted at consumption of products, but Prof Tagoe argues that this does not help much.

“Indirect taxes are one of the most regressive. It’s regressive because the rich pay the same proportion as the poor pay. When it comes to contributing to national development, you have to contribute according to your ability to contribute,” he said.