Audio By Carbonatix
Economist and Professor of Finance, Professor Godfred Alufar Bokpin has said politicians are making too many promises that may not be realised within the next four years.
He said the rippling effect of Covid-19 on the state of the economy will influence this.
Prof Bokpin noted that even when there was better better fiscal space, politicians were not able to accommodate their promises. Thus, they are likely to perform worse in the current economic dispensation.
“2020 is not going to be like any other year. If you look at how the promises are made, it is as though we are not in Covid-19 times or it will disappear in December with the elections. Ghana’s economic recoveries will go beyond four years.”
“There is practically no fiscal space to accommodate these excessive promises and there for there is a high propensity that politicians are out there to deceive Ghanaians for votes,” he argued.
His comments come as part of a discussion of the manifestoes of the New Patriotic Party (NPP) and National Democratic Congress (NDC).
Speaking on Newsfile, Prof Godfred stated that both electorates and politicians are vulnerable hence they both try to take advantage of each other.
He noted that there is little concern for the medium through which these promises are made a reality – the budget statement.
“The two political parties (NPP AND NDC) have tasted power and we have seen how their promises get translated through the budget.
"Due to the numerous promises that are made, they try to find a way to pass their promises through the budget but it has been very difficult,” he said.
The economist argued that due to the huge number of promises, politicians are driven by ‘short-termism’ to please the electorates without looking out for providing quality.
Latest Stories
-
More students benefited under Mahama gov’t than previous 20 years combined – SLTF CEO
4 minutes -
Gov’t reviewing policy for stipends, assistive devices for disabled students – SLTF CEO
12 minutes -
Israel sets deadline for Britain to close consulate as settlers warn of sanctions hit
12 minutes -
Community leaders call for 24-hour operation of African Mall in Ejisu-Kwamo
22 minutes -
Bozoma Saint John wedding highlights Ghana’s untapped tourism dividend
25 minutes -
Brent crude oil rises above $100 a barrel as Middle East conflict intensifies
38 minutes -
59,300 students receive GH¢210m in enhanced student loans – SLTF
44 minutes -
Trump gave $45,000 cash gifts to close aide Natalie Harp and others
45 minutes -
Beauty Kabukie Apedoe appointed CEO of Inter Tourism Expo Accra
1 hour -
New Ghanaian movie ‘Two’ to explore crime, faith and moral ambiguity
1 hour -
Indo-Ghana begins local liquid oxygen supply
1 hour -
Atwima-Techiman residents decry poultry farm nuisance as assembly sues farmer over siting of farm
1 hour -
Vice President urges Catholic youth to promote peace and prosperity across West Africa
1 hour -
Double-track was about demand, not lack of space in all schools – Adutwum
2 hours -
Adutwum proposes subject resits, transcript system for secondary schools
2 hours