Economist Dr. Joe Amoako -Tuffour\u00a0has cautioned Finance Minister Nominee, Ken Ofori Atta on the need to find sustainable funding for the proposed new regions to be created by the NPP government.<\/p>\n
[contextly_sidebar id=”7OfDgq4DFCHnPdkO5pRUgsQqvOARLChi”]He contends the country risks huge financial challenges should government fail to align its revenue with expenditure with the additional regions.<\/p>\n
\u201c\u2026The rising fixed cost of government is largely the making of politicians. For instance, the creation of an additional 46 district assemblies and 45 new parliamentary seats in 2012, ratcheted up the fixed cost of government\u2026\u201dDr. Amoako-Tuffour opined.<\/p>\n
President Akufo- Addo during the announcement of the Nominee for the Ministry for Regional Re-organisation and Development indicated the creation of four new regions to facilitate the devolution of power.<\/p>\n
\u201cthe four regions that we have chosen are those that we want to reshape and create new regions out of them. We\u2019re talking about the Western North region which I committed myself to and the manifesto also committed itself to, the creation of the Ahafo region out of the Brong-Ahafo, another express commitment on my part and backed by the manifesto, the northern region.\u201d<\/p>\n
But in an open letter to Ken Ofori Atta, Dr. Amoako -Tuffour\u00a0also the Director of Research at the African Center for Economic Transformation explained that previous experiences with the creation of additional 46 district assemblies and 45 new parliamentary seats in 2012, increased the fixed cost of government as much thought was not given to what those actions meant for public finances.<\/p>\n
\u201cThe cost of government was brushed aside by a premature exuberance about the coming oil revenues. The 1992 Constitution lacks the mechanism to ensure a fine balance between political expediency and fiscal sustainability,\u201d the open letter stated.<\/p>\n
At the time, each of the 46 districts was given GHc100,000 to purchase equipment and furniture.<\/p>\n
Meanwhile the economist has advised on managing government\u2019s expenditure.<\/p>\n
Some of the suggestions are to reduce ghost names payroll fraud which is prevalent in the education health as well as judicial sectors.<\/p>\n
In addition, Dr. Tuffour has appealed to Mr. Ken Ofori Atta to make good of Auditor-General\u2019s reports that expose acts of \u2018misappropriation, waste and embezzlement and the disregard of the provisions of public financial management.\u2019<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Economist Dr. Joe Amoako -Tuffour\u00a0has cautioned Finance Minister Nominee, Ken Ofori Atta on the need to find sustainable funding for the proposed new regions to be created by the NPP government. [contextly_sidebar id=”7OfDgq4DFCHnPdkO5pRUgsQqvOARLChi”]He contends the country risks huge financial challenges should government fail to align its revenue with expenditure with the additional regions. \u201c\u2026The rising […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,171,11],"tags":[],"class_list":["post-285152","post","type-post","status-publish","format-standard","hentry","category-business","category-local-economy","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/285152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=285152"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/285152\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=285152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=285152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=285152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}