- Advertisement -

Reduce unnecessary expenditure to increase revenue – Economist to gov’t

- Advertisement -

Dr Samuel Worlanyo Mensah, an Economist has advised the government to reduce unnecessary expenditure to rake in more revenue for socio-economic development.

President Akufo-Addo on Sunday addressed the nation on the economy and outlined some 12 measures the government intends to take to reduce the high cost of living in the country.

President Akufo-Addo said the government will work to “improve national resources and liquidity by raising revenues from 13% to 18%-20% of GDP”. 

Speaking in relation to the government’s 12 point measures on A1 Radio, Dr Mensah wondered why the government is keeping a huge size when it is talking about reducing expenditure and increasing revenue.

“If you really want to rake in more revenue for socio-economic development, the first thing you should do is to reduce your expenditure, unnecessary expenditure”.

He added that “if you take alone the various arms of government, being legislature, judiciary and the executive arms of government, there is so much money that is wasteful spending and so why is the government not committed to that. Why is the government keeping a huge government size when we are saying we are in recession, we are in crisis. The staff alone at the Jubilee House is more than a thousand. What at all are we doing as a country?”

Dr Mensah noted that the government is only interested in raising more resources but does not care how resources are being used.

“It’s like we don’t really care how resources are used. We are only interested in how to get new resources. If we really want to have value for me and be able to have more income to support national development, then we need to look at our inability to manage finances. So financial discipline is what is killing us”.

Source: A1radioonline.com|101.1MHz|Osuman Kaapore Tahiru|Ghana

- Advertisement -


- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related news

- Advertisement -