1. Proposals for Reducing the Size and Cost of Running Government
- Author:
- Kojo P. Asante and David Asante Darko
- Publication Date:
- 01-2024
- Content Type:
- Policy Brief
- Institution:
- Ghana Center for Democratic Development
- Abstract:
- This paper explores the prospect of saving the country much-needed revenue by reducing the number of ministries and ministers in government and exactly how this may be achieved. It is an uncomfortable fact that the current sovereign debt crisis in Ghana, the worst in the country since the year 2000, has visited severe economic hardship on the cizens. For 18 months beginning June, 2021, year-on-year rates of inflaon in the country have risen consistently, going from 40.4% in October, 2022, to 50.3% in November, 2022, and finally to 54.1% for December, 2022, according to the Ghana Stascal Service. This has highlighted the urgency of prudent management and fiscal discipline by the country's economic managers. In a situaon where the country's access to capital markets are closed, expenditure cuts are inevitable and the government must lead by example.
- Topic:
- Government, Reform, Public Spending, and Debt Crisis
- Political Geography:
- Africa and Ghana