Member of Parliament(MP) for Ajumako-Enyan-Esiam, Cassiel Ato Forson, has described as "cosmetic and empty" government's new measures to help fix the economy.
Finance Minister, Ken Ofori-Atta at a presser announced various measures the government is putting in place to address the challenges facing the economy.
This includes a 10 percent additional cut in government expenditure, a 50 percent cut in fuel coupon allocations for all political appointees among others.
However, in a tweet reacting to the new measures announced by Mr Ofori-Atta on Thursday, March 24, Mr Ato Forson who is a former Deputy Minister of Finance said:
The fiscal measures announced today are just cosmetic and Empty. It will further erode confidence in the economy. Govt should:
1. place a moratorium on new loans
2. cut 2022 foreign financed projects by at least 50%!
3. And deliver on promise to review all flagship programs!
The fiscal measures announced today are just cosmetic and Empty. It will further erode confidence in the economy. Govt should:
1. place a moratorium on new loans
2. cut 2022 foreign financed projects by at least 50%!
3. And deliver on promise to review all flagship programs!— Cassiel Ato Forson(PhD) (@Cassielforson) March 24, 2022
Meanwhile, the Finance Minister has responded to this remark.
Ken Ofori-Atta answering a question from a Journalist who quoted Ato Forson's comment said: "Whether cosmetic or not we are poised on building back investor confidence and putting the economy back on its feet".
Source: Peacefmonline.com
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I am surprised Ato Forson did not mention IMF in his so-called alternatives. You were in government, faced economic crises and you run to IMF. Now another gov't is facing same challenges, and you who claim to know more, are not recommending what you did? You initially said Nana Addo should go to IMF, now you have provided so-called alternatives without mentioning IMF. Have you therefore admitted that the steps you took when in government were bogus?
But this Ato guy always lament and make empty noises at paliament.so, these are the guys Ghanaians are hoping to bring them back to rule them again. AAAAAH, I Dont get it.He is block headed. he does not know any thing economics. @ JOSH, You said it all. if you are leader and dont strategise and just think about politics and winning power, this are the expensive mistakes you commit.How many individuals can afford plane fair to and from Ho will patronise what Mahama provided. i mean those who constantly ply Ho.they always depend on enviness,ethnicity and tribalism in ruling leading to waste of national resources. There are a lot of businesses located at kumasi hence the airport. So if its because of etnicity, Ho Airport was built without considering the economic benefits of it, then im sorry Mahama coming back as president will send Ghana back to 1920
These NDC guys do politics 24 hours a day. Why is that they don't pause and reflect on issues in objective way without politics? This is depressing. Any policy that this government comes out with, NDC says no but comes out with no alternatives. Finance Minister is cutting expenditure based on data and then you say it is empty. Do you understand the word Empty? We want serious people in Ghana to govern and not the likes Adongo, Ato Ablakwa and Mahama.
Can this man show and prove to the people of Ghana which universities he did his first degree, second degree and his so acclaimed phd. Can anyone dig him out? Where are the investigative journalists? He is a complete shallow when it comes to economic and finance.
During your time, you did not provide a solution. You rather went to the IMF. FAKE DOCTOR
Please Mr Forson your alternative is rather empty. You have not given us any meaningful details for some of us to take you serious. Please we need detailed alternatives if you have one or else allow us to digest what we have been given . By the way what serious work did you do before President Mills made you a deputy minister. Is it a case of another Baby with sharp teeth.
NOT SURPRISED ON NDC COMMENT IN THE FINACE MINISTER SPEECH AND CUTS WHOICH GOOD SENSE AT THIS TIME OF GLOBAL ECONOMY. NDC HAVE NO ALTERNATE IN THIS CASE ONLY TO CRITISED JUST TONY AIDOO WAS YAKING HIS MOUTH THIS MORNING ON KOJO YANSON MORNING SHOW REGARDING BANK OF GHANA MONETARY RATE SHOULD HAVE TAGET MONETRY CASH IN THE SYSTEM IT DOESN'T MAKE SENSE BECAUSE NDC POLITICS HE WILL SAY SOMETHING AGAINST THIS GOVERNMENT BOG.CURRENTLY BANK OF GHANA MONETORY RATE INCREASE IS YIELDING DIVIDENT ON THE CEDI SLY WHICH IS CURRENTLY STOP THE SLY. WE SPEAK TO NDC AND THEY DON'T HAVE ANY SOLUTION EVEN IF THEY HAVE IT MURKY. THE SAME WAY JOHN THIEVE MAHAMA BUILT ***barred word*** HO AIRPORT WHICH DIDN'T MAKE ECONOMIC SENSE RIGHT FROM THE BEGINING YET HE WENT AHEAD TO BUILT BECAUSE OF POLITICS. TODAY THE EVIDENCE IS THERE PASSIONAIR HAS SUSPENDED THEIR FLIGHT BLAMING LOW PRONAGE, HIGH FUEL COST. EVEN A RAIL LINE WILL HAVE BEEN BETTER.BECAUSE HOW MANY LARGE BUSINESSSES IS IN HO OR VOLTA FOR THAT MATTER AND THAT IS WHAT NDC DOES BEST WASTE COUNTRIES RESOURCES AND MONEY FOR CHEAP POLITICAL POINTS NOT BRTTER SOCIAL INTERVENTION. THEY DON'T DESERVE TO BE IN POWER WITH THEIR IGNOOOOOOORANT JOHN MAHAMA. IT WAS NPP WHO TOOK GHANAIANS OUT OF THE JAWS OF IMF SO HOW WOULD YOU THINK THEY WILL GO BACK TO THEM.
NDC CAN NOT PROVIDE ANY ALTERNATIVES, YET THEY ARE QUICK TO CRITICIZE AT THE LEAST OPPORTUNITY FOR POLITICAL EXPEDIENCE. ATO NEVER MAKE SENSE WILL NOT ***barred word***.