Pulse.com.gh logo
Go


Akufo-Addo Gov't Take your time; you are choking the economy with too many projects - IFS to gov't

Dr Said Boakye believes the government may not be able to achieve more if its capital-intensive projects are not rolled out gradually.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The government must reduce the number of development initiatives it is pursuing and rather focus on a few within a particular time, a Senior Research Fellow at the Institute for Fiscal Studies (IFS) has said.

Dr Said Boakye believes the government may not be able to achieve more if its capital-intensive projects including Planting for Food and Jobs, Zongo Development Fund, One Million Dollars per Constituency, Free Senior High School (SHS) are not rolled out gradually.

“I am not saying they [initiatives] are bad. Who wouldn’t like an industrialised economy? Nobody would. But if you don’t take your time, and try to do so many things at the same time, you will not be able to achieve anything, none of them will succeed,” he said on The Hard Truth, a political talk show on the Joy News channel.

READ ALSO: 100,000 graduates to be employed in 2018 will earn...bullet

The above-mentioned initiatives like the Free SHS, and the Planting for Food and Jobs have already been rolled out.

However, many people have raised issues with how they can be sustained.

Dr Boakye argues that apart from sustainability issues, the government must tread cautiously with regards to spending in order not to choke other sectors of the economy which are equally important.

“President Kufuor did something similar – district industrialisation programme – every district was supposed to get one factory. After his term how many factories have been established? It is because of a funding issue.

READ ALSO: Forestry Commission to employ 15,000 youth by January 2018

“That is why we are only cautioning the [current] government, ‘take your time, move slowly, don’t bring all these things onboard at the same time,’” he said.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
2 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m defaultbullet
5 Mahama boys prevented me from meeting him – Fibre Optics Inventorbullet
6 Government Interventions UN expert says 1D1F, $1m Per...bullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 MTN Ghana Selorm Adadevoh is MTN Ghana’s new CEObullet
9 Achimota Mall’s Sidewalk Sales Full of Swanky Shopping...bullet
10 Fuel Price Hikes Fuel prices to drop again this weekbullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Money Alert Meet Africa's richest womanbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
8 Support Finance minister buys Kantanka carbullet
9 Video We are determined to move Ghana beyond aid - Bawumiabullet
10 Entrepreneurship How To Get Ready To Get Started |...bullet

Business