A Senior Lecturer at the Department of Economics at the University of Ghana, Dr. Priscilla Twumasi Baffour, is upbeat government will take a lesson from the current economic shocks and act prudently once Ghana secures a deal with the International Monetary Fund.
According to her, it is imperative for the government to exhibit fiscal prudence including enhancing revenue mobilsation to beat down the debt levels.
She furthered that it’s about time the government live within its means to reduce the borrowing level.
Speaking to Joy Business, Dr. Twumasi Baffour, said the wrongs are so glaring, hence the need for government to exhibit fiscal discipline.
“We have gone through an unexpected term. For instance, through the current challenges, external shocks and also because of the way we have managed affairs internally. I believe that it is important as a country to work on our revenue mobilisation drive to increase revenue generation domestically”.
She’s hopeful once the IMF programme goes through Ghana will not repeat the same mistakes again.
“As we are all anxiously waiting for the IMF programme, once we get this deal, hopefully, we will do the right thing”
“We should not find ourselves back in this precarious situation at any point in the future”, she added.
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