Professor Godfred Bokpin, an economist and lecturer at the University of Ghana Business School (UGBS), has called for the resignation of President Akufo-Addo, citing his inability to effectively govern with a cabinet of up to 40 ministers.
Professor Bokpin argues that the International Monetary Fund (IMF) Program secured by the country is not a definitive solution to the economic crisis and that additional measures must be implemented to complement the IMF's recommendations.
In Professor Bokpin's view, the government should reduce the number of ministers and dissolve unnecessary agencies in order to address the dire economic situation.
He suggests merging certain ministries to cut down on government expenditure and urges the president to take action accordingly.
The professor believes that it is unnecessary to seek perfect individuals to govern the country, as perfection is unattainable.
Instead, he emphasizes the need for effective governance with fewer ministers and a reduced budget, even suggesting the sale of luxury vehicles.
Professor Bokpin made these statements during a speaking engagement at the Graphic Business/Stanbic Bank Business Meeting, where the theme was "The Current Economic Situation and You."
He also expressed skepticism regarding the IMF's role in transforming economies, stating that the organization lacks a single case study demonstrating successful economic transformation. He points out that Ghana, despite previously being praised for its IMF interventions, is currently struggling.
In light of these concerns, Professor Bokpin emphasizes the importance of Ghana deciding on specific interventions and strategies to achieve the broad fiscal policy framework prescribed by the IMF.
He believes that relying solely on the IMF will not lead to the desired economic transformation and calls for proactive measures to be taken by the government.
Source: class fm
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I’m sorry to say this but this is why Kwamena Duncan calls them the so-called professors. How practical is it? Maybe stomach politics and tribal politics are not helping these scholars. It’s what it is. We are what we are
I have been asking if it will be possible for one president in this country to call all the professor economist in our various universities and hand over the economy to them for two years for us to see whether there will some stability i.e. Inflation, exchange rate , cost of living, zero budget deficit, drastic positive change in GDP figures and all the things that will make Ghana far better than before they were invited to take over. Currently we have 16 regions . We also have some ministries that cannot be done away with . Agriculture, Defence, Interior, trade, roads, lands and natural resources, works and housing, education, health, communications, foreign affairs, tourism, gender and social protection, (13) ministries . If each ministry has one deputy minister that will be 26 + 16 regional ministers making it 42. Mention has not been made about parliamentary affairs, environment, finance, attorney general/justice , energy , local government ,employment, youth and sports, national security, chieftaincy and religious affairs. Bokpin, please also come out with the 40 ministries you are envisaging . Tell us which of these ministries can be done away with or realigned with another ministry. I don't want to believe the 16 regions can do without regional ministers. All the same let's see your 40 ministries.
Professor Know Nothing, you put all your efforts to tarnish the image of the government on the economy. Now that the economy is stable and has started to show a green shoot and improving gradually, you shift your attention on ministers. Please bring your list of ministers you envisage for scrutiny in addition to the sixteen regional ministers. If you have nothing to say, silent is golden.
This Prof speaks like an NDC serial caller.
Sometimes our so called experts just want to talk and do not do any proper analysis, government has emphazing the case that the IMF program and it is a path way to pursuing more broad base policies like reducing imports, giving industries incentives and pursuing export led growth. What these experts should be doing is push the government to implement this strategy and stop the lamentation, Ghanaian experts like talking a lot without substance.