Steve Manteaw 'Gov't must admit economy is broke'

Dr. Steve Manteaw said because the economy is broke, government has resorted to borrowing on the international market in order to run the economy.

  • Published: , Refreshed:
The Executive Director of the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw play

The Executive Director of the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw

24/7 Live - Subscribe to the Pulse Newsletter!

The Executive Director of the Integrated Social Development Centre (ISODEC) has passed a damning verdict on Ghana's economy, saying the economy is "broke."

The Executive Director of the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw play

The Executive Director of the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw

 

Dr. Steve Manteaw said because the economy is broke, government has resorted to borrowing on the international market in order to run the economy.

According to him, he would not be surprise if government announces another roadshow to raise money in the coming months.

READ MORE: ISODEC rejects 'insincere' gov't subsidy on electricity

Manteaw therefore challenged government to come clean on the true state of the economy, arguing that this will invoke some public sympathy and support when government takes hard decisions.

"We are broke and that is why every now and then we resort to borrowing on the international market. I won't be surprised if government announces another roadshow to raise more money in the coming months," he told the Daily Guide Newspaper.

"It is not abnormal for a government to face financial difficulties but the difference it will make is to make full disclosure of the challenges you face to your people and admit where you think you have failed as government."

According to him, he would not be surprise if government announces another roadshow to raise money in the coming months. play

According to him, he would not be surprise if government announces another roadshow to raise money in the coming months.

"But if you resort to the peddling of half truths and use of language to deceive the public, then you can get into a situation whereby when the people get to find out that the government is not being honest with them then it erodes whatever trust that exists between the people and the government," he added.

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 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
2 Cash-For-Seat I’ll be shocked if Fakhri paid  – Akufo-Addobullet
3 Petroleum Products OMCs confirm increase in fuel pricesbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Cash For Seat Allegations against Trade Ministry ‘flimsy’ and...bullet
6 Aviation British airways has received a tongue lashing from...bullet
7 Cash For Seats Expatriates fail to appear before ad hoc...bullet
8 Menzgold Ghana Don't deposit money with Menzgold – BoG...bullet
9 Gov't Promises 1 District, 1 Factory has the potential...bullet
10 Scam Alert ECG is not recruitingbullet

Top Videos

1 Support Finance minister buys Kantanka carbullet
2 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
3 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
4 Vodafone adbullet
5 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
6 Video African leaders must understand the role of technology...bullet
7 Plane Crash Starbow suspends operations following plane crashbullet

Business