Dr Kojo Asante, Director of Advocacy and Policy Engagement at the Centre for Democratic Development, says the promises given in the manifestoes of the major political parties are not pragmatic.
Reacting to the many tax incentives, tax cuts and freebies mentioned in the manifestos of the two major political parties, Mr Asante wondered if the political parties fully considered the country's current economic situation when drawing up plans for their manifestos
“In terms of the feasibility of it, knowing the financial situations that we are in, you begin to wonder how much time they spent on this? How seriously did they take this?”
Speaking on JoyNews’ PM Express, Dr. Kojo Asante does not believe that the freebies and tax cuts promised in the various manifestoes are feasible, especially in view of Covid-19 and its attendant effects.
“Because if you take the economy, for instance, everybody knows that once you deduct emoluments, you deduct payments, you deduct transfers, interests and so on you really don’t have any money left. We know that our debt burden is just ballooning.
“It’s much more difficult to go and raise money. So knowing all of these things, if you see a long list of promises and even when people are interrogated and say ‘where are you going to get the money?’ they say ‘we’ll cross the bridge when we get there’.
According to him, such promises can inadvertently lead to serious implications on the financial health of the country.
“But there is a problem with that because as a politician, yes, you can gamble because you’re seeking power, you want to assure the public that yes we’ll figure it out when you get there but the kind of choices you make can have serious implications to the financial health of this country.”
Latest Stories
-
Bond market: Total turnover upturned to GH¢1.14bn
5 mins -
Stanbic Offers financial solutions to members of Ghana Medical Association
16 mins -
“Dmusor” has brought businesses to their knees – GNCCI expresses frustration at ongoing crisis
22 mins -
Ghana’s electricity access likely to increase as World Bank begins initiative
23 mins -
We need a comprehensive data on the culture and creative sector– GCF to Egyapa Mercer
30 mins -
Veil on asset declaration should be lifted – Osafo-Maafo
53 mins -
I have been paid with malt drink and meat pie after performing – Kofi Sarpong
53 mins -
Child mortality drops to 32% nationwide in 2024 – Patrick Kuma-Aboagye
1 hour -
Cedi to bounce back to appreciating trajectory soon – Fitch Solutions
1 hour -
Dumsor: Finance ministry failed to pay power generators over GH₵1.2 billion under the CWM – PURC report
1 hour -
Toddler mauled by dog undergoes successful plastic surgery
2 hours -
Pepsodent champions with #TalkToADentist initiative at World Oral Health Day 2024
2 hours -
Otumfuo holds mega food fair for queen mothers
2 hours -
Manhyia Palace holds successful Feast Ghana event to celebrate Asanteman Queen mothers Day
2 hours -
ACEP supports ECG privatisation to make its operations efficient
2 hours