It Will Help: Parameters Nana Addo Must Employ To Save Ghana And The Fallen Worth Of The Cedi

It’s visible that no country ever borrowed its way into prosperity, hence making Ghana a sure candidate for maintaining its place on the world poverty index.

Solution means working to reduce the dollar to where it was before the free Cedi fall that’s is not maintaining it at 9.50 pesewas. 

These ad-hoc measures only manage symptoms, thereby bringing us here every two-three years. 

Nana Addo must quickly act without misconception reducing the borrowing no matter the justification, end the loan addiction, spend within your means, and stop buying and maintaining $150,000 V8s for political appointees in the country.

Reduce the size of government and stop borrowing to feed students and teacher trainees who are not poor, scrap the obnoxious ex-gratia, and as a matter of urgency stop securitizing revenue streams.

Revise the tax exemptions regime by passing and implementing the Exemptions Bill, and review mining sector taxes to increase domestic revenue.

Reduce the e-levy rate to increase subscription, stop the abuse of restricted tender and single source as a norm in public procurement, and stop using the little taxes to build flamboyant religious edifices.

It is widely acknowledged that every government has an interest, which is procurement, but the balance with the nation’s interest is critical. 

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