A Chartered Financial Economist, Peter Kuutol has chastised the Akufo-Addo led administration over its decision to cut down on government expenditure.
The financial expert was of the view that with the initial percentage cut of 20% of the executive emolument and a subsequent cut of 10% was good in his direction because government will not spend much on the executive emolument but insisted that there is an impending problem with the decision.
“With the initial percentage cut of 20%of the executive emolument and additional 10%, which for me, it is good. It is good because we will not spend much on the executive emolument”, he said.
Speaking in a panel discussion on Republic FM’s Anopa Dawuro on Friday, March 25, 2022 on the measures being introduced by government to mitigate the ailing economy, the financial expert added that, giving the situation now and the figures we have bundling before us, the government should have had a second look at the situation and reduced the size of the government instead of the cutting of expenditure.
“Even with that cut I still have problem because, giving the situation and issues piling up at us, the government should have rather had a second look at it but not the cutting, and mind you, the cutting is up to the end of this year and so what it means is that next year, 2023, we will go back to the same problem”, he stated.
According to him, the size of the government is huge and cutting down on expenditure will not be enough because the same appointees will be allocated fuel and other forms of incentives will be initiated.
He contended that slashing off the appointees will be better off than cutting down expenditure and even lessen the burden and save the government more money than the mere Gh¢3.5 billion which maintains the same government size.
