Audio By Carbonatix
Economist and Director of the Institute of Statistical, Social and Economic Research (ISSER) Professor Peter Quartey has advised the John Mahama government to pursue capital infrastructure projects in the National Development Plan to ensure their continuity even after leaving office.
He cautioned the government not to select and build projects that may not have long term impact on citizens.
Prof. Quartey made the statement at his inaugural lecture on March 13, 2025 at the Ghana Academy of Arts and Sciences on the topic “Debt, Investment and Growth in Ghana: Did we borrow to consume?
According to him, capital projects should be carefully selected through a national development planning process.
This, he said will help assess the impact of the projects before funds are committed to it.
“When we are selecting some of these projects, we must look at the national development plan. We must consider our medium term strategy and what we want to achieve before we start”, he advised.
Prof. Quartey cautioned against the selection of projects purely on partisan considerations.
Such projects, he observed do not serve the citizens and do not impact the economic wellbeing of majority of the people.
“I didn’t see much of that in the last elections. But previously you see incumbents cutting sods, left right center to start projects in an election year. These are projects that have not been planned”, he said.
He kicked against such unplanned projects, warning such politically interest driven projects only add to the country’s debt.
Latest Stories
-
Police foil planned robbery on GCB Bank, Ecobank and Zenith Bank at Labone; 2 suspects killed, one arrested
8 minutes -
Why are international agencies exposing corruption Ghana cannot detect? — MP
16 minutes -
DTI graduates over 1,500 master crafts persons, SMES to drive formalisation of Ghana’s informal sector
24 minutes -
We don’t have confidence in AG to independently probe AKSA energy deal – NPP
26 minutes -
Ofankor crash death toll rises to 12, 22 injured – NRSA confirms
29 minutes -
Mali pardons Frenchman jailed 20 years over alleged coup plot
42 minutes -
One dead, six injured in blast at Rotterdam petroleum storage facility
43 minutes -
Rescue operation underway as passenger train derails in southern England
47 minutes -
Asokore Mampong Assembly denies demolishing Sekyedumasi Community Bank structure
49 minutes -
NSMQ honours Prof. Elsie Kaufmann for 20 years of dedicated service
52 minutes -
Jirapa MP, MCE hand over education, health and sanitation projects
54 minutes -
Crimea bomb attack reportedly kills former Ukrainian submarine commander who defected to Russia
55 minutes -
Fuel prices have risen by more than 33% in Ghana since the start of the year – JoyNews Research
1 hour -
Conditions on US aircraft carrier at sea for more than 250 days raise alarms
1 hour -
Trump promised a sex-trafficking crackdown, his Justice Department hasn’t delivered
1 hour