A "Policy Lead" at Africa Centre For Energy Policy - ACEP, DR. CHARLES GYENFI OFORI is urging that the government of Ghana must establish mechanisms to assess the effectiveness of expenditure and the capacity of projects to deliver value that facilitates loan repayments.
Is this young man a Ghanaian?
We do not have mechanisms to assess the effectiveness of expenditure in our families!
See the family is the unit of society.
He said the leading causes of Ghana’s public debt have been identified as stemming from inefficiencies in governance, which have been revealed in weak procurement practices, poor contingency planning and excessive spending over revenues, inadequate state institutions, and insufficient loan monitoring mechanisms.
When each of us spends above income how do you expect this to result in the collective?
Dr. Charles Gyenfi Ofori further stated the governance structure needs significant changes to ensure accountability, efficiency, and effective policy implementation.
Dr. Charles Gyenfi Ofori, who has the courage, intelligence, energy, and patience to break out of the mold and establish these governance structures?
Kwame Nkrumah, Kofi Amoabeng, Dr. Kwabena Frimpong-Boateng, Kennedy Agyapong. These are rare breeds and are not acceptable in contemporary Ghanaian politics.
The ACEP "Policy Lead" indicated that Ghana’s debt requires more than just IMF programs, however, these must be addressed through long-term solutions to avoid a recurring cycle of seeking IMF support.
We need a serious shift in economic paradigm thinking.
According to him, there is a need for a national dialogue on the most effective procurement system that aligns with the Ghanaian context and delivers value to citizens.
You need Xi Jinping of China, Mahathir Bin Mohamad of Malaysia, and Kwame Nkrumah.
Probably Dr. Idi 'Dada' Amin of Uganda.
You get it.
DR. CHARLES GYENFI OFORI* The "Policy Lead" - Africa Centre For Energy Policy - ACEP