Audio By Carbonatix
Economist Kwame Pianim has urged government to make the same sacrifices that it wants Ghanaians to make.
In an interview on Joy News’ Newsfile on Saturday, he proposed for government to heed calls to cut its expenditure.
This, he explains is because the country has a huge size as compared to US, UK and Germany.
His comments follow the passage of three revenue measures in Akufo-Addo's government bid to secure an IMF bailout and improve the country's economic conditions.
Lamenting over the passage of the bills, Mr Piani further questioned what the GH¢4 million revenue generated from the taxes would be channelled into.
“The monies you are collecting, are you going to put it aside to cure cancer or it goes into the Consolidated Fund for you to spend on your projects?
“Look the government should say that in the next two years, we are not going to make any projects, we are all in this together.
“They should also make sacrifices like Ghanaians are making sacrifices,” he said.
According to him, government projects usually cost double the price indicated because of their incompetence and “corruption.”
As a result, the expert does not want any country to forgive Ghana of its debt but rather structure it in a way that compels it to pay. This, he said would deter the government from engaging in reckless borrowing.
“As far as I am concerned nobody should give us any debt forsaken; they should restructure it; we should pay so that next time somebody is borrowing like there is no tomorrow, we will tell them to stop borrowing because you have to pay,” he said.
He recommends that the government focus on creating home-grown solutions to solve current economic issues rather than finding itself at the feet of the IMF during an economic crisis.
Latest Stories
-
Education Ministry to meet teacher unions on Monday as strike begins over promotion arrears
2 minutes -
Gender Minister calls for stronger financing, accountability to improve lives of Africa’s children
6 minutes -
Shoot to maim illegal miners if ‘shoot to kill’ is opposed – Kwame Jantuah
7 minutes -
24-hour Economy Secretariat to support 2026 Inter Tourism Expo
8 minutes -
Ghana must produce more of what it imports to create jobs – Mahama
13 minutes -
New cocoa producer price looms as COCOBOD seeks funding for 2026/27 season
16 minutes -
From paddle and sail to smart ships: What maritime industry means to the world and why Ghana must turn policy into practice
16 minutes -
McDAN warns SMEs against founder-dependent growth, urges stronger systems
19 minutes -
‘Feel free to invest; golden era for Ghana is beginning’ – Ato Forson
20 minutes -
Ghana outlines plans to expand port infrastructure and strengthen maritime sector
32 minutes -
EPA shuts down Ponlok Company over smoke emissions, poor waste management
33 minutes -
Nii Armah Ashitey enters NDC National Chairmanship race
34 minutes -
Ghana prepares to reopen diplomatic mission in Ireland
39 minutes -
Mahama woos US investors for Ghana’s power, technology and industrial sectors
40 minutes -
New College of Education in Tuobodom to end teacher training struggles in Bono East – Regional Minister
46 minutes