Economist and Professor of Finance, Professor Godfred Alufar Bokpin has said politicians are making too many promises that may not be realised within the next four years.
He said the rippling effect of Covid-19 on the state of the economy will influence this.
Prof Bokpin noted that even when there was better better fiscal space, politicians were not able to accommodate their promises. Thus, they are likely to perform worse in the current economic dispensation.
“2020 is not going to be like any other year. If you look at how the promises are made, it is as though we are not in Covid-19 times or it will disappear in December with the elections. Ghana’s economic recoveries will go beyond four years.”
“There is practically no fiscal space to accommodate these excessive promises and there for there is a high propensity that politicians are out there to deceive Ghanaians for votes,” he argued.
His comments come as part of a discussion of the manifestoes of the New Patriotic Party (NPP) and National Democratic Congress (NDC).
Speaking on Newsfile, Prof Godfred stated that both electorates and politicians are vulnerable hence they both try to take advantage of each other.
He noted that there is little concern for the medium through which these promises are made a reality – the budget statement.
“The two political parties (NPP AND NDC) have tasted power and we have seen how their promises get translated through the budget.
"Due to the numerous promises that are made, they try to find a way to pass their promises through the budget but it has been very difficult,” he said.
The economist argued that due to the huge number of promises, politicians are driven by ‘short-termism’ to please the electorates without looking out for providing quality.
Latest Stories
-
NLC secures injunction against Ghana Highway Authority industrial strike
13 mins -
Pencils of Promise commissions 3 Unit Classroom block for Adaklu Seva Basic School
20 mins -
Ghana Library Association embraces AI as it seeks to improve service delivery
22 mins -
2024 Election: Kumasi market Queens pledge to choose NPP gov’t
33 mins -
Full Supreme Court ruling on vacant seats controversy
34 mins -
MPs seat can only be vacated if they switch political parties in Parliament – Supreme Court
40 mins -
KMJ, Doreen Avio to host 2024 Ghana Music Awards UK
44 mins -
Severe water shortage hits two schools in Northern Region
55 mins -
Ghana needs a concise national innovation strategy – Professor Kwaku Atuahene-Gima
1 hour -
We’ll expand technology to combat corruption – Joe Ghartey
1 hour -
Economic hardships: Dr Takyi calls for overhaul amid Cedi crisis, skyrocketing debt, and inflation woes
1 hour -
Pneumonia; biggest infectious killer of children worldwide – UNICEF
1 hour -
Okyeame Kwame idolises David Dontoh for his ‘Ghanaman’ influence
1 hour -
22,000 bags of expired rice allegedly distributed to SHSs across Ghana – Ablakwa
2 hours -
Macron honours Akufo-Addo with ‘Grand Officier de la Légion d’Honneur’ in France
2 hours