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‘Reduce ministers to 40; stop wasteful spending to save economy’ – Ablakwa to Akufo-Addo

The country’s economy cannot be salvaged until the Akufo-Addo government slashes the number of ministers to 40 and cut wasteful expenditure at the presidency, MP for North Tongu, Samuel Okudzeto Ablakwa has advised.

The former Deputy Minister for Education who was speaking on Dwaboase on TV XYZ Thursday morning ahead of an address by Finance Minister Ken Ofori-Atta about the government’s measures to stabilize the economy indicated that the government was spending so much on itself than on areas that could help the economy.

He told host Prince Minkah that there are many ministers in the government doing virtually nothing but receiving huge salaries to the detriment of the country’s development.

To him, the reduction of the salaries of the appointees of the Akufo-Addo government by 30% is not enough to save the economy because there was too much wastage in government.

“They have already blown the cash. The money is finished. We need to take some hard decisions. These [pay cuts] are not tough decisions enough; we have to reduce the Ministries,” he stated.

He urged Akufo-Addo to cut down the ministries to 40, stressing “Yes, 40. Check Britain, USA, and Hungary. They don’t have enough ministers.”

He bemoaned the large number of Presidential staffers which hovers around 1000 party fanatics and quizzed, “Over 1000 presidential staffers, do we need that?”

Crashing Economy

Ghana’s economy is crumbling as it is plagued with a number of challenges, including rising inflation and the rising cost of fuel.

The country’s currency is also suffering depreciation, especially against the US dollar, while the public debt level has attained an unsustainable level.

The budget stalemate in Parliament over the Electronic Transaction Levy (E-levy) has also compounded the crisis, leading to the downgrading of Ghana by credit rating agencies which has restricted Ghana’s access to international bond markets.

The government had to call for an emergency cabinet meeting at Peduase in the Eastern Region last week when fuel prices skyrocketed within the past 3 weeks and almost doubled the price of commodities in the West African country.

Following the crunch meeting which was chaired by President Nana Akufo-Addo, Finance Minister Ken Ofori-Atta is now set to address the country on the measures the government has taken to mitigate the harsh effects of the unstable economy on Thursday.

This, according to the presidency, is one of the measures introduced by the government to deal with the economic problems facing the country at the moment.

Announcing the development on Wednesday, the Presidency said it was one of the  “measures to mitigate hardships in the economy.”

 

Source: Myxyzonline.com|Ghana

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