Extra GHȻ1.89 billion not solution; ‘Sick economy’ needs reform – Kwaku Kwarteng

A member of the Finance Committee of Parliament, Kwaku Kwarteng, wants government to heed to calls for a cutback on public spending, warning economy is headed for trouble.

Mr Kwarteng says he is baffled by the current administration’s reluctance to reduce waste in the public sector even as it has become an apparent impediment to improving growth figures.

He cites the continuous government allocation to state institutions such as the Driver and Vehicle Licensing Authority (DVLA), the Environmental Protection Agency (EPA) the Energy Commission among others as an example of some of the factors contributing to the ballooning public expenditure.

The New Patriotic Party (NPP) Member of Parliament (MP) for Bekwai has also chastised the John Mahama-led administration for creating additional constituencies and districts, noting the politically motivated decision have also taken toll on national coffers.

“Now things are catching up with us and we are beginning to see the absence of money for central government to do the things that it ought to do for the environment to be free and for the private sector to operate,” Mr Kwarteng said.

He was speaking Tuesday on current affairs programme PM Express on the Joy News channel on Multi TV, which discussed the Finance Minister’s request Monday for an additional GhȻ1.89 billion supplementary budget.