Duffuor Advises Akufo-Addo: Former BoG Governor Asks President To Reduce Government Size

Duffuor Advises Akufo-Addo: Former BoG Governor Asks President To Reduce Government Size

  • Dr Kwabena Duffuor has asked president Nana Akufo-Addo to move beyond the DDEP and implement some real solutions to Ghana's economic challenges
  • Dr Duffuor said at a media event on Monday, February 20, 2023, that the president must reform free SHS, dissolve his economic management tea and cut spending by reducing the size of his government and borrowing
  • The NDC flagbearer hopeful is also scheduled to pick nominations forms on Thursday, February 23, 2023, to contest the presidential primaries on May 13

PAY ATTENTION: Enjoy reading our stories? Join YEN.com.gh's Telegram channel for more!

A former finance minister Dr Kwabena Duffuor has preferred some ideas he believes president Nana Akufo-Addo can implement to save Ghana from the current debilitating economic crisis.

Speaking to some selected members of the media at his think tank, the Institute for Fiscal Studies (IFS) he said the Domestic Debt Exchange (DDE) programme, must be complemented by certain key decisions if Ghana's economic challenges would be weathered.

Read also

I'll fix economy within two years when voted as president – Dr Duffuor vows

NDC flagbearer hopeful Dr Kwabena Duffuor has advised Akufo-Addo to take some three important steps to help the economy.
Dr Kwabena Duffuor is an NDC flagbearer hopeful. Source: Twitter/@DrDuffuor
Source: UGC

The NDC flagbearer hopeful wants Akufo-Addo to, for instance, cut spending by reducing the size of his government, bring in fresh people to manage the troubled economy and reform the money-guzzling Free Senior High School (SHS) policy.

"You cannot use the debt exchange programme to bring about economic recovery if you do not link it up to a drastic drop in inflation, bank lending rates and the size of the government,” he pointed out on Monday, February 20, 2023.

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ click on “Recommended for you” and enjoy!

On free SHS, he said there was a need to implement reforms that will allow willing and able parents to take up the cost of educating their children.

Dr Duffuor picks nomination forms on Thursday, February 23

Meanwhile, the former Governor of the Bank of Ghana would be picking presidential nomination forms to contest the presidential primaries of the National Democratic Congress (NDC) on Thursday, February 23, 2023.

Read also

'Rebel' NPP MP reignites demands for embattled Finance Minister to be sacked after IMF deal

Already, former president John Mahama's campaign has picked up nomination forms to contest the presidential primaries scheduled for May 13, 2023.

Dr Duffuor and John Mahama are two key contenders for the NDC flagbearer contest, although many analysts say Mahama has a slight edge.

Ofori-Atta, Bawumia the rest of the economic management team have failed

YEN.com.gh reported in a separate story that Dr Kwabena Duffuor said the fact that managing an economy is a genuinely difficult job does not absolve finance minister Ken Ofori-Atta from his poor management of the Ghanaian economy.

He told journalists on Monday, February 20 that the finance minister should not be the only person taking the flak for the current economic crisis but the entire Economic Management Team.

The NDC flagbearer aspirant wants the entire team to be dissolved for incompetence, stressing that the team won't be able to solve the economic crisis it created in the first place.

Read also

NPP declares it is not scared about Mahama running for president since he has no solution to Ghana’s economic problems

New feature: Сheck out news that is picked for YOU ➡️ click on “Recommended for you” and enjoy!

Source: YEN.com.gh

George Nyavor avatar

George Nyavor (Head of Politics and Current Affairs Desk) George Nyavor writes for YEN.com.gh. He has been Head of the Politics and Current Affairs Desk since 2022. George has over 9 years of experience in managing media and communications (Myjoyonline and GhanaWeb). George is a member of the Catholic Association of Media Practitioners Ghana (CAMP-G). He obtained a BA in Communications Studies from the Ghana Institute of Journalism in 2010. Reach out to him via george.nyavor@yen.com.gh.

Online view pixel