Pulse.com.gh logo

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:

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 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana,...bullet
3 Minimum Capital Requirement GN, Premium, Sahel Sahara Bank in merger...bullet
4 Fuel Prices IES predicts fuel prices to go upbullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Ghana-Chinese Relationship StarTimes to distribute 300 free TV...bullet
7 BoG Capitalisation Omnibank, Sahel Bank to complete merger...bullet
8 Baker and Mckenzie Menzgold, preparing for litigation,...bullet
9 How to create an NGO in Ghana How to register and start...bullet
10 Forestry Commission Reducing ‘allawa’ from GHS1,200 to...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Plane Crash Starbow suspends operations following plane crashbullet
3 Former Capital Bank staff grills pork for survivalbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Money Alert Meet Africa's richest womanbullet
6 Selorm Adadevoh MTN CEO dances Agbadzabullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Support Finance minister buys Kantanka carbullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 New Phone Nokia’s MWC 2018 event in 7 minutesbullet