IEA to government: Review “Father Christmas” policies to sustain economy

Talking to Kwaku Nhyira-Addo on The Asaase Breakfast Show on Monday (21 March), IEA's director of research said the government must stop funding "populist policies"

The Institute of Economic Affairs (IEA) has made a proposal to the government to review some major policies to help cut down on expenditure to save the distressed economy.

Talking to Kwaku Nhyira-Addo on The Asaase Breakfast Show on Monday (21 March), the director of research at IEA, Dr John Kwakye, said the government must stop funding policies that are not yielding benefits to the economy.

“There are far too many programmes that are populist in nature and seek to make the government popular. We need to take a critical look at some of the programmes and amend them.

“We need to start burden-sharing because if a parent wants to pay for the education of their child why should the government stop them?” Kwakye asked.

“Free SHS is consuming so much of our resources and I am not sure as to if the expenditure cost was anticipated [ahead of time],” he said.

The IEA director of research also called on the government to cut down on its expenditure.

“We have a situation where our government is paying for everything that involves senior high school education … almost as though the government is a ‘father Christmas’,” Kwakye added.

Watch the full interview in the attached audio below:

Fred Dzakpata

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