Mahama Wants Akufo-Addo To Reduce Number Of Ministers To Get Enough Funds To Fight COVID-19

 Mahama Wants Akufo-Addo To Reduce Number Of Ministers To Get Enough Funds To Fight COVID-19

Former President John Mahama is proposing some measures he believes will help the government gather enough funds for the fight against Coronavirus.

He believes President Nana Akufo-Addo can secure more funds for the fight against COVID-19 by among others, reducing the number of Ministers and presidential staffers rather than relying on the Heritage Fund.

Mahama posits that it will be expedient for government “to sacrifice and consider other patriotic options.”

“Our economy has revealed from this COVID-19 stress test that it is still fragile and we need to be prudent in how we manage going forward. We must also be diligent in how we apply the $1 billion facility as the various tranches are released.

“We face significant pressure on our local currency, declining domestic revenues, a slowdown in GDP growth, increase in deficit to GDP of between 8% to 9%, ballooning debt which is projected to hit almost 70% by end year. This scenario requires that we exercise strict prioritization in our borrowing and expenditures and this might be the right time for the President to consider trimming down the bloated size of his government,” Mr Mahama said while donated food Items to some vulnerable households in Ghana.

“It is predicted that this pandemic and the disruption of global trade and economic activity will adversely affect the economies of developing countries. Ghana is no exception. The fast track approval by the IMF of the highly concessional Rapid Credit Facility is therefore timely and very welcome. This will help cushion the economy from the dangers of recession”.

Ghana’s COVID-19 case count has risen to 636.

This comes after the Ghana Health Service confirmed 70 new cases on Tuesday, April 14, 2020.

By: Richard Obeng Bediako / Kingdom 107.7 FM / Kingdom TV/ Kingdomfmonline.com / [email protected] / Ghana / 2020

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