The first Chairman of IMANI Africa, Franklin Cudjoe, has told the National Democratic Congress (NDC) not to assume it has already won the 2024 general elections.
He says he has yet to see properly quantified interventions to reduce reliance on borrowing and, above all, avoid a new IMF program in 2026.
Ghanaians will go to the polls on December 7 to elect a new president and members of parliament.
The major political parties, the ruling New Patriotic Party (NPP) and the main opposition NDC, have begun their election campaigns.
“Meanwhile, the main opposition NDC should not assume that 2024 is set in stone. Some of us are yet to see properly quantified interventions to reduce dependency on borrowing and more importantly, a way to avoid a new IMF programme in 2026,” Franklin Kadjo said in a Facebook post.
“The NDC needs to align and link the many promises on job creation and ensure a qualitative increase in GDP through projections.”
He further said that regardless of how extreme the partisan debate becomes over the coming days and weeks, he plans to release a concise analysis to the public and the media based on an objective assessment of how the major parties’ plans would affect the country.
“As far as IMANI is concerned, there are three major risk factors for our economy: rising public debt, continuing waste and leakages, and slowing GDP growth. These combine to severely limit the government’s ability to sustain investment without undermining other levers of the economy (‘fiscal space’), prevent projects from being delivered on time and within budget (expenditure efficiency), and offset the benefits of infrastructure as the cost of living rises, reducing real incomes and worsening living conditions for people (‘growth burdens’),” he said.