Franklin Cudjoe, President of the policy think tank IMANI Africa, has advised the National Democratic Congress (NDC) to avoid assuming that the 2024 election is guaranteed in their favor despite the perceived shortcomings of the current New Patriotic Party (NPP) government.
Cudjoe emphasized that Ghanaians are still awaiting tangible measures to reduce the country’s dependence on borrowing and to prevent another IMF program in 2026. “There is a need for the NDC to coordinate and relate the many promises of creating employment and ascertain by an estimated figure the qualitative addition to GDP,” he stated.
His comments come amid growing dissatisfaction with the NPP government, which many Ghanaians blame for the current economic challenges. However, Cudjoe cautioned the NDC not to become complacent, stressing the importance of presenting clear and effective economic policies that demonstrate a departure from past practices.
As the 2024 elections approach, Cudjoe’s caution serves as a reminder to the NDC that winning the trust of the electorate requires more than capitalizing on the incumbent government’s failures. It involves presenting a viable and convincing alternative that addresses the pressing economic issues facing the country.
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Meanwhile, the major opposition party, the NDC, should not assume 2024 is a done deal. Some of us are yet to see properly quantified interventions that will reduce our reliance on borrowing ,and crucially how we may avoid another IMF program in 2026.
There is a need for the NDC to coordinate and relate the many promises of creating employment and acertain by an estimated figure the qualitative addition to GDP.
IMANI plans presenting brief analysis with the public and media based on objective assessments of how the plans of the major political parties shall impact the country regardless of how extreme the partisan debate develops over the next few days and weeks.
As far as IMANI is concerned, there are three major risk factors to our economy – rising public debt, persistent waste and leakages and slowing GDP growth, when combined together, strongly constricts the government’s capacity to sustain investment without unhinging other levers of the economy (‘fiscal leeway’); affects the delivery of projects on time and within budget (spending efficiency); and raises the cost of living, offsetting the gains of infrastructure as real incomes fall and the living conditions of people deteriorate (‘growth burden’).
Source: GhanaFeed.Com
