The political think tank believes the declaration is very open and fails to provide specifics on how many roads will be constructed in Ghana.
How many roads can you construct this year? - IEA asks Akufo-Addo
The Institute of Economic Affairs (IEA) has cast some doubts on governments declaration of this year as the 'year of roads'.
Addressing the media on the highlights of the State of the Nation Address delivered by President Akufo-Addo last week, director of research at the IEA, Dr John Kwarkye said the ‘year of roads’ declaration by the President is to save his government from trouble in the upcoming elections.
“The deficit in roads has become acute and this has generated discontent as the president has acknowledged. Moreover, roads are more visible than human capital and the government realises that it has to do something urgently in the interest of its political fortunes."
"This is the year of roads but it is however uncertain how many of the roads they can do and this is the last year. How much can they really accomplish in the year, I don’t know”, Dr. Kwakye said.
Dr. Kwakye also commended the NPP government for the introduction policies that have expanded the economy and created jobs.
“The NPP government has also introduced several new policy initiatives that put additional strain on revenue. As such spending on infrastructure has been relatively low in the 3 year period. While government has not spent a lot on infrastructure, it has spent quite a lot on human capital like the Free SHS, teacher, nursing allowance, NABCO and so on."
“There is no doubt that Ghana continues to face a large infrastructure deficit. This is partly because the budget has been hijacked by personal emoluments, interest payments and statutory funds which consumes almost everything and this leaves virtually nothing for capital and other spending and they have to be financed by borrowing,” he said.
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