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Franklin Cudjoe, the founder of IMANI Africa, said in a statement regarding the incident that the Bank of Ghana’s decision to permit those significant sums to be written off “is very irresponsible.”
“There is no longer a chance to run to the banks and borrow like there is no tomorrow,” he declared. In essence, the government has saved close to 34 billion Ghana cedis because to the DDEP. This enables them to declare that they won’t be imposing any new taxes.
“Even so, they continue to seek ways to boost those funds by requesting participation from retirees in the debt exchange program. It doesn’t seem fair to me. In order to spend money during the upcoming 2024 election, I think the administration intends to establish a lot more budgetary room. What it is is that. Let’s not skirt the subject.
“I don’t believe that treating retirees that way is fair. Spending during an election year is the main objective. Why do I claim that the government has not made an effort to lower the enormous sums set aside for capital expenditures that we don’t need? You may accomplish a lot with 10, 12, or more of those capital investments. You don’t dig deeper when you’re in a hole, he continued.
In order to spend money on the 2024 election, the government plans to establish financial rooms.
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