Energy expert Kwadwo Poku has asked the Minority in Parliament to offer pragmatic solutions to the country’s failing economy.
Speaking on Dwaboase on TV XYZ Wednesday, Mr. Poku, who has not been enthused by the reaction of most members of the Minority on the economy, indicated that the NDC MPs are not doing enough to help put the government on track.
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 compounded the crisis, leading to the downgrading of Ghana by credit rating agencies which has restricted Ghana’s access to international bond markets.
The NDC MPs and their party leadership have blamed the situation on what they describe as “cooking the books” by Finance Minister Ken Ofori-Atta.
But Kwadwo Poku believes the Minority is just talking, courting disaffection to the Akufo-Addo government without proffering solutions.
His comment comes on the back of an argument by former Eastern Regional Minister, Ebenezer Terlabi who said the government is rather wasting so funds at the seat of the president than channeling them into productive sectors of the economy.
But Mr. Poku said that alone was not enough, stressing that “the minority is not offering anything.”
“What’s the alternative; where’s their [policy] document? Forget cutting expenditure,” he argued and suggested that a policy document on how they would have ran Ghana should be tabled for a debate.
He said the detailed report must tackle alternative ways of raising revenue in an efficient way so the government could compare and choose the one that can help put back the economy on track.