
Audio By Carbonatix
The General Overseer, of the Family Chapel international is asking government to acknowledge the financial troubles the country finds itself in by slashing public expenditure and reducing its appointees.
Bishop, Dr. Victor Osei, believes these steps will release pressure on the public purse.
He says the President must put his feet down against corruption and cronyism in the coming year to reduce the burden on the ordinary Ghanaian.
He was speaking to Erastus Asare Donkor on his new year expectation of government.
Ghana’s total debt which stands above 80% of GDP is projected to reach 104% by the end of 2022.
This seemingly unending challenge is compelling the country to seek support from the International Monetary Fund (IMF) for the 17th time.
The cedi has fallen greatly against the dollar, becoming the worst performing currency in the world this year.
This, coupled with hikes in fuel prices, has crippled industries and threatened the spirit of entrepreneurship with its attendant hikes in prices of goods and services on the market.
Speaking with Luv FM’s Erastus Asare Donkor on his new year expectations of government, Bishop Dr. Victor Osei admonished the government to be doers of their words.
He believes as debt soars, Ghana must cut down excessive public expenses on public boards, corporations and other civic institutions.
“I don't think if any other government was in power, they could have done any better. Because I believe to a certain extent all political parties eat from the same pot. The dollar has been rising since the previous government.
“There is too much over expenditure in the country. In government establishments there are appointees and heads of institutions who receive more in a sitting than the salary of a teacher. The monies should be put where it supposed to be. I don't want a talk shop from the government, where they talk and do little.
Government should be proactive and cut back on expenditures and allow businesses to thrive. There is no fiscal discipline. If we put our foot down and not put to shred by the mouth, the people who try to be objective, we will survive,” he said.
“Members on my platform are crying foul. For people who have invested so much and would have 'haircuts', it is very unpleasant and unfortunate. I feel for them and anybody,” he added.
Latest Stories
-
KNUST secures $2.3m funding for research activities
8 minutes -
Ayigboe residents fear disaster as ECG delays repairs on live faulty cables
13 minutes -
PIAC urges investment as oil production falls
16 minutes -
Trump says US military to stay around Iran; threatens action if Tehran fails to comply with deal
59 minutes -
Only 6% insured locally – Prof. Gyampo exposes cracks in import regime
1 hour -
Thousands of containers lost at sea – GSA’s Prof Gyampo warns importers are exposed to risk
1 hour -
Keep the money in Ghana – Gov’t enforces local cargo insurance
2 hours -
US Army veteran charged with leaking classified information to journalist
2 hours -
Dr Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
2 hours -
Trump administration cannot nix legal status of 5,000 Ethiopians, US judge rules
2 hours -
Libya announces new oil and gas discoveries with three major energy companies
3 hours -
Oil rises as investors remain wary US-Iran ceasefire will open supply flow
3 hours -
Police arrest suspect over church threat video
5 hours -
Eight appear in court as police intensify crackdown on illicit drugs in Tamale
5 hours -
Motorist remanded in custody for hitting four-year-old girl
5 hours