An Economist, Courage Boti is suggesting that government cut down expenditure to reduce debt accumulation to attract a favourable rating.
His comment comes on the back of the rating by S&P global ratings, which downgraded Ghana’s foreign and local credit ratings from B-B’ to CCC+C with a negative outlook.
According to him, the government review looks rosy on paper but is poor in practicality, making reference to the projected revenues from the Electronic Levy Transaction, which has not materialised.
For him, cutting expenditure by 2 billion can help the economy achieve a better Gross Domestic Product (GDP) than what the government projected.
Mr Boti expressed optimism that the IMF programme can support the economy.
