• Advertise with Us
  • About Us
Saturday, July 5, 2025
  • Login
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
No Result
View All Result
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
No Result
View All Result
No Result
View All Result
Home Business

Ghana government advised to further cut spending for economic stability

admin by admin
February 8, 2023
in Business
0
Ghana government advised to further cut spending for economic stability
0
SHARES
2
VIEWS
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

The Ghana government has been advised to consider further cutting down expenditure apart from the fiscal measures introduced in 2023 to lessen the impact of the current economic crisis on citizens. 

Mr George Kweku Ricketts-Hagan, Member of Parliament (MP) for Cape Coast South and Mr Martin Kpebu, a Private Legal Practitioner, are of the view that, that was the only way to “significantly” improve the economy. 

READ ALSO

MTN Ghana Assures Customers of Resolving Data Bundle Dusruptions

ADB Announces New Tagline “Beyond Banking” as Part of 60th Anniversary Celebration

Contributing to discussion on a local radio station in Accra, they asked the government to consider creating more fiscal space by reducing budget allocation for “non-critical” items. 

This comes as the government makes efforts, including debt restructuring, to secure a $3 billion loan-support programme with the International Monetary Fund (IMF) for economic recovery. 

Mr Ricketts-Hagan said scrapping budget items like fuel coupons, salary cuts for some categories of government appointees and non-purchase of vehicles would not significantly impact on fiscal consolidation. 

The lawmaker, therefore, called on the Government to further reduce its expenditure beyond the line items in the 2023 budget to include projects like the Agenda 111 [an initiative to build 111 hospitals to transform the country’s health care system].  

He said: “The problem with this government is that they are doing everything they can except the necessary things they need to do. Unless they do something significant on the expenditure side and there are items they can look at and give them a haircut, to quote their words.” 

He added that: “The projects that are non-critical at this stage should not be done; if those are cut, the expenditure will go further down so that we’ll be able to have room to do other things”. 

Mr Kpebu, who supported the call for further expenditure cut said: “We are not seeing the impact of the cut of some expenditures by government. We’ve not been shown the deductions and what it’s been used for.” 

He urged the Government to “cut down the budget on some of the line items and leave individual bondholders out of the Domestic Debt Exchange (DDE) programme”.  

However, Mr Palgrave Boakye-Danquah, government spokesperson on governance and security, said: “With expenditure cuts, I believe that our government has cut down expenditure drastically.” 

He added that: “We [the government] acknowledge the challenges and as a gov’t, we have come to the table to share with the Ghanaian people to see to it that we address these challenges.” 

In a similar discussion on another platform, Mr Alhassan Suhuyini, Tamale North MP, called for a national debt forum to discuss and come to a consensus on ways to address the country’s debt and economic challenge. 

He said, “there should be a forum where you have all the stakeholders sitting together to have a conversation, where it is frank, where you all know what you have to give and take and, especially where the government leads the way in shaving its hair.” 

Source: GNA 

Related Posts

MTN Ghana  Assures Customers of Resolving Data Bundle Dusruptions
Business

MTN Ghana Assures Customers of Resolving Data Bundle Dusruptions

July 2, 2025
ADB Announces New Tagline “Beyond Banking” as Part of 60th Anniversary Celebration
Business

ADB Announces New Tagline “Beyond Banking” as Part of 60th Anniversary Celebration

July 1, 2025
GOV’T TO REINTRODUCE ADVERTISING BILL TO PARLIAMENT TO SANITISE INDUSTRY – DEPUTY TRADE MINISTER
Business

GOV’T TO REINTRODUCE ADVERTISING BILL TO PARLIAMENT TO SANITISE INDUSTRY – DEPUTY TRADE MINISTER

July 1, 2025
£154.4 M Ghana/Cote dIvoire Inter-connectivity Project Will Enhance Regional Electricity Trade-Gridco CEO
Business

£154.4 M Ghana/Cote dIvoire Inter-connectivity Project Will Enhance Regional Electricity Trade-Gridco CEO

June 25, 2025
GOV’T REAFFIRMS SUPPORT FOR LOCAL TEXTILE & GARMENT INDUSTRY – DEPUTY TRADE MINISTER COMMENDS MANUFACTURERS FOR DRIVING JOBS & ECONOMIC GROWTH
Business

GOV’T REAFFIRMS SUPPORT FOR LOCAL TEXTILE & GARMENT INDUSTRY – DEPUTY TRADE MINISTER COMMENDS MANUFACTURERS FOR DRIVING JOBS & ECONOMIC GROWTH

June 20, 2025
Trade Minister Calls for More Strategic Chinese Investment
Business

Trade Minister Calls for More Strategic Chinese Investment

June 18, 2025
Next Post
The depressing video of Paul Biya and the matter of old men running Africa

The depressing video of Paul Biya and the matter of old men running Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

EDITOR'S PICK

  • All
  • Politics
MTN MOMO: INDUSTRY LEADERS DISCUSS BARRIERS TO DIGITAL PAYMENT ADOPTION IN GHANA AND WAY FORWARD

MTN MOMO: INDUSTRY LEADERS DISCUSS BARRIERS TO DIGITAL PAYMENT ADOPTION IN GHANA AND WAY FORWARD

September 4, 2023
Health Minister Commemorates 2025 World Hygiene Day With A Call for All to Make Hand Washing a Priority

Health Minister Commemorates 2025 World Hygiene Day With A Call for All to Make Hand Washing a Priority

May 5, 2025
(Video) Lands Minister Revokes License of Akonta Mining…Weeps Seeing the Level of Devastation of Tano Nimiri Forest

(Video) Lands Minister Revokes License of Akonta Mining…Weeps Seeing the Level of Devastation of Tano Nimiri Forest

April 21, 2025
OSP seizes Cecilia Dapaah’s money again after returning it to her as directed by the court

OSP seizes Cecilia Dapaah’s money again after returning it to her as directed by the court

September 5, 2023

About SenaRadio Online

SenaRadio Online is a Private News Portal based in capital of Ghana, Accra established in the year 2019.

SenaRadioonline.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Follow us

Categories

  • Africa
  • Business
  • Entertainment
  • General News
  • Health
  • Opinion
  • Politics
  • Sports
  • Tech
  • Uncategorized
  • World

Recent Posts

  • President Mahama Appoints Last Batch of Deputy Ministers
  • Sam George Vows to Secure Reduction in DSTV Subscriptions
  • Court Sentences Agradaa to 15 years Imprisonment Over Charlatanic Advertisement
  • Education Minister Inaugurates NaSIA and NaCCA Governing Boards

Gallery

© 2023 Sena Radio Online -All Rights Reserved Site Powered by CodeArthur

  • Contact Us
  • Advertise with Us
No Result
View All Result
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health

© 2023 Sena Radio Online -All Rights Reserved Site Powered by CodeArthur

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In