Election 2024: Mahama to eliminate ‘wasteful initiatives’ including 1D1V, others
Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has indicated that the next NDC government will eliminate all wasteful government initiatives if elected in the forthcoming December 7 general election.
He said that his government would reallocate funds from projects such as the highly pursued ‘One District, One Village’ initiative into other viable projects for economic development.
Mr Mahama maintained that the current economic crisis the country faces requires strategic decisions, including cutting government expenditure.
Furthermore, the NDC leader said the Akufo-Addo-Bawumia/NPP government has failed to cut down on expenditure and is only concerned with increasing revenues.
He promised that if he wins the upcoming December 7 general elections, all wasteful projects and initiatives will be eliminated, and the funds will be redirected to more profitable ventures.
“This government made many mistakes and we find ourselves in this crisis again and we need to cut down expenditure. This government is not willing to cut expenditure. In a crisis, you slash expenditure and increase revenues.
“All they are doing is increasing revenues but without reducing expenditure. We are going to eliminate all those wasteful projects; One Village, One Dam and all those things that they spent billions on so that we can use that money in the more productive sectors to make the economy grow again. Like Planting for Food and Jobs,” the former President stated.
Meanwhile, the flagbearer of the ruling New Patriotic Party (NPP), Vice President Dr Mahamudu Bawumia, has insisted his government has “prudently managed the economy” despite external challenges and has even reduced government expenditure.
Addressing Muslims at the Eid-ul-Adha prayers on Sunday, June 16, Dr Bawumia said, “Global events in the past three to five years have had a significant impact on nations and their citizens, and our country has not been spared.”
“This has led to a series of uncomfortable situations for our citizens. Even though we are not yet where we want to be, which is back to the economic boom we experienced a few years prior to the crisis, data shows that our economy is on the path of recovery,” the NPP flagbearer emphasised.
Ghana’s economic outlook
According to the International Monetary Fund (IMF), Ghana’s economy is expected to grow modestly, with real GDP growth projected to be around 4-5% in the short term.
This growth is driven by sectors such as agriculture, services, and industry, particularly oil and gas production.
The global lender’s economic outlook for Ghana is “cautiously optimistic”, with an emphasis on the need for continued reforms and prudent economic management to sustain growth and ensure macroeconomic stability.
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