Former deputy finance minister under former President John Dramani Mahama, Mona Quartey, has reiterated the pledge by the National Democratic Congress (NDC) to establish a debt management office to efficiently manage our debt.
The spokesperson on economy for the John Mahama campaign posited that the ruling government has been reckless in its expenditures and borrowing and thrown the country into economic turmoil.
To help address this challenge, she revealed that a new NDC government under former President John Mahama would establish an independent public debt office to ensure effective public debt management.
The party seeks to review and enforce the Fiscal Responsibility Act (Act 982), and implement a fiscal consolidation plan to ensure fiscal discipline.
Speaking on Frontline on Rainbow Radio 87.5FM, Mrs. Quartey stated that the NDC remains committed and has experts who are prepared to help the candidate if elected to turn things around.
She also maintained that the Ghanaian economy needs a reset, and
the next NDC government would aggressively pursue policies to reset the entire economy to ensure prudent economic management, efficient resource use, and effective utilisation of public funds.
She said that despite the crisis, poor management, and unprecedented levels of incompetence and hardship, the NDC will reset the economy and provide Ghanaians with better leadership.
The major policy of the NDC in turning things around, she said, was the 24-hour economy, which affects all the key sectors of the economy and will be a game changer.
She explained that this is a policy that the NDC will encourage-it is not a policy that would be imposed-but we will encourage the private sector and public sector to consider it in order to increase jobs and growth in the economy, productivity, and our GDP.
“So we will put in laws and regulations to support this game-changing policy. We will also create an enabling environment in terms of infrastructure and exemptions to support businesses so that this policy will do well.
Clearly, it is a policy that will not immediately yield results. But it must be put in place in the first 120 days so that it can be implemented and start to bear results.
“… It will have implications for climate change because we are seeing the effects. We will manage our natural resources properly; all illegal mining activities will be brought to a minimum; we will register all illegal miners; and we will train them in formal mining so they will do it with a formal approach. There would be no mining in our forest reserves,” she declared.
Source: Ghana Web