Dr. Hayford Ayerakwa, a lecturer and Head of the University of Ghana Learning in Cape Coast, has praised the government’s cost-cutting measures outlined in the mid-year budget presentation by Finance Minister, Dr. Mohammed Amin Adam. Apexnewsgh reports
The measures aim to promote fiscal consolidation and growth, with a focus on efficiency and strategic spending.
Dr. Ayerakwa, speaking on Morning Starr with Lantam Papanko, emphasized the importance of implementing these measures, stating that it is “extremely important to us” given the current economic climate. He commended the government’s effort to cut down expenditure, noting that any government that makes such efforts is commendable.
The Finance Minister’s presentation highlighted the government’s commitment to spending within appropriation and reinstating fiscal rules, including the five per cent deficit threshold, suspended in 2020, by 2025.
Dr. Ayerakwa’s endorsement of the cost-cutting measures suggests that the government’s approach is seen as a step in the right direction by some experts.
Source: Apexnewsgh.com
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