Renowned economist Kwame Pianim has expressed cautious optimism about Ghana’s financial future following discussions at the National Economic Dialogue.
While acknowledging that the government’s economic recovery plan offers a path to sustainability, Mr. Pianim stressed the urgency of immediate and decisive action.
He raised concerns about government spending, emphasizing the need to cut waste and direct funds toward essential development projects.
He called on authorities to adopt disciplined fiscal policies to stabilize the country’s financial outlook.
Joe Jackson, Chief Executive of Dalex Finance, also weighed in on international financing, highlighting the importance of prudent financial management for Ghana’s economic recovery. He added that such measures would restore investor confidence, facilitating easier access to foreign markets.
“International finance is not a risk. It is when just going there, and because it is available, grab and grab. Likewise, local financing is also problematic. You can’t go in there and grab.
The point is use it as much as you need to. The fact that it is available doesn’t mean you should go for it. In the last few weeks, we’ve seen our cost for domestic finance drop,”
