The Ghana Pentecostal and Charismatic Council (GPCC) has asked President Akufo-Addo to as a matter of urgency downsize his government machinery.
GPCC also wants the president to cut down on expenditure.
According to them, this will help build confidence in President Akufo-Addo’s commitment to solving the country’s economic problems.
The Council also said this move will demonstrate to Ghanaians that the president means his call for burden sharing and that it was not a political gimmick.
A communiqué signed by the President of the GPCC, Apostle Eric Nyamekye also admonished the government and other stakeholders, to collaboratively establish a national dialogue forum for regular consultations and engagements on pertinent matters of national interest.
“Urgently downsize government machinery and cut down on expenditure to start building confidence about its commitment in solving our economic problems. From the Council’s perspective, it is important that the Government demonstrates a strong sense of burden-sharing to encourage key bondholders to fully accept the exchange voluntarily.
“This should include Government explicitly and verifiably cutting down on its expenditure, including reducing the size of the government, among other areas. This is very critical to encourage buy-in from the general public.”
The GPCC also asked the the government to ensure that the controversial Domestic Debt Exchange Programme does not destroy the financial sector.
“Whatever form the DDEP takes, Government should ensure that the financial sector, which is a key pillar of growth for the economy, is not destroyed in the process of the debt exchange.
"The Council acknowledges the setting up of the financial sector stability fund, as a measure to provide support to the financial sector, but the Council expects to see a clear demonstration that the facility is fully funded for implementation, in order to provide full assurance to the financial sector and the banking community.”
Latest Stories
-
I want scouts, agents to believe there are better players in Africa than me – Mohammed Kudus
8 mins -
NPP’s Mpohor treasurer arrested for allegedly aiding the registration of a minor
53 mins -
Davido hints at retirement after next album
57 mins -
Dr Baah-Nuakoh chairs Ghana’s organisation of Athletics Championships next month
1 hour -
Speaker of Parliament has not breached Standing Orders – Dafeamekpor
1 hour -
Ghana Cocoa Board refunds $250m loan procured from ADB for irrigation in cocoa farms
1 hour -
6 out of 10 registered deaths in 2022 were males – Births and Deaths Registry
2 hours -
Prof. Kofi Abotsi to deliver keynote at ECOWAS Court of Justice Conference
2 hours -
MTN Ghana Foundation inaugurates new Accident and Emergency Centre for Bawjiase Polyclinic
2 hours -
Government has paid all individuals who opted out of DDEP -1st Dep. Governor of BoG
2 hours -
We are confident about our board meeting in June on Ghana’s second review – IMF
3 hours -
Prince Adu-Owusu: The role of the ‘God Factor’ in marriage
3 hours -
MEST Africa announces 12 companies selected for first cohort of the Mastercard Foundation EdTech Fellowship
3 hours -
Ghana’s Antoine Semenyo in contention for Bournemouth Supporters’ Player of the Season
4 hours -
I try to set good example for kids who look up to me in Ghana – Mohammed Kudus
4 hours