Audio By Carbonatix
Former Chairman of the Finance Committee in Parliament, Dr. Mark Assibey Yeboah, says government should adopt the principle of burden-sharing.
This, he says, will encourage Ghanaians to cooperate with the government on its fiscal policies and austerity measures.
Speaking on JoyNews’ PM Express, he stated that to show good faith the government should review some of its flagship programmes to cut cost.
He also reiterated calls for the government to reduce its size.
According to him, while these measures may not significantly reduce the government’s expenditure, it would send a sign that the government is sharing in the burden.
“Government appointees, every agency you go to now has in the minimum two deputies. Yes, they may be doing something there, but in the crisis we’re in now take a step back and say that now some of you should just stay home. That’s how you burden share.
“In terms of numbers it will not be huge because if I keep CAPEX at 16billion I will only be saving 11 billion, maybe the 27billion we might not even realize it, but it’s good for the optics. People will say that ‘o we’re in crisis, government is sharing in the burden so let me also chip in’. I’m not seeing that,” he said.
Adding to this, Economist, Dr. Theo Acheampong, says government needs to send a strong signal to the citizenry and the investor community of its commitment to burden share.
"We need to see government doing something, or you know, sending a clear signal to Ghanaians and to other investors within the economy that indeed we're in a crisis moment and that calls for that burden sharing across the board. unfortunately, I haven't seen that coming through; either in terms of the rhetoric or in terms of the actual numbers that underpin some of these macro targets."
Latest Stories
-
‘Don’t put the President on the spot’ – Fifi Kwetey rebukes Majority over OSP Bill
13 minutes -
‘There is no conspiracy by NDC’ – Fifi Kwetey explains OSP Bill fallout after presidential intervention
24 minutes -
Nigeria allege DR Congo ‘fraud’ as they hunt World Cup reprieve
56 minutes -
Alcaraz announces shock split with coach Ferrero
1 hour -
Two held over viral assault on minor
1 hour -
The Oscars to leave ABC and stream on YouTube starting in 2029
2 hours -
Starmer tells Abramovich to ‘pay up now’ or face court
2 hours -
FIFA video game to return after four years in Netflix exclusive
2 hours -
Ghana’s programme performance has been broadly satisfactory – IMF Board
2 hours -
Former chancellor George Osborne joins OpenAI
2 hours -
No bank has been cited, sanctioned by any regulatory or law enforcement agencies – Association of Banks
2 hours -
Ghana’s GH₵10m relief support to Jamaica grounded in compassion and solidarity – Ablakwa
2 hours -
Speaker, Ga Mantse to headline GJA Dinner Night
2 hours -
JoyNews to host National Dialogue on declining adherence to standards on Thursday
2 hours -
Newmont to fully fund 13 kilometers Ntotroso–Kenyasi road in 2026
3 hours
