
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
-
Flood-damaged Aflao Market road prompts temporary intervention as calls grow for permanent fix
9 minutes -
Recurring floods expose growing humanitarian crisis in Agbozume as hundreds receive emergency relief
15 minutes -
Margins delivers first GAM ID – President Barrow is inaugural recipient
24 minutes -
Drug Abuse and Ghana’s Human Security Crisis: The silent destruction of a generation’s potential
50 minutes -
Floods ravaged Ghana could generate GH¢556 in economic benefits for every GH¢1 invested in sanitation
1 hour -
Gov’t pays $700m Eurobond bill ahead of schedule, total hits $2.1bn
1 hour -
‘Suspend it now’ – FABAG appeals directly to Mahama to halt new import verification programme
1 hour -
Gov’t cannot talk ease of doing business while adding more costs – FABAG rejects Ghana Easy Pass
2 hours -
You cannot threaten people into silence about their own history
2 hours -
‘This is another tax by another name’ – FABAG warns new import rules will push up prices
2 hours -
BoG injects $2.01bn into forex market as cedi records first monthly gain of 2026
2 hours -
Ghana congratulates U.S. on 250th Independence Anniversary
2 hours -
Science-driven conservation critical to Africa’s sustainable future – Prof Debrah
2 hours -
University of Ghana bemoans delay in AI curricula approval
2 hours -
Godfred Dame questions legality of former NAFCO CEO’s arrest, says access to client was denied
2 hours