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BusinessFULL TEXT: John Dramani Mahama's speech on Ghana’s economy

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FULL TEXT: John Dramani Mahama’s speech on Ghana’s economy

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Former president, John Dramani Mahama has urged the Nana Addo Dankwa Akufo-Addo administration to cut costs, remove waste, and spend money wisely.

On Thursday, October 27, 2022, Mahama stated that one method to achieve this is by scaling back his administration. The event was titled “Building the Nation We Want.”

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Additionally, he recommended that the government put on hold non-essential initiatives and eliminate or restructure governmental entities that served comparable purposes.

Again, the 2020 flagbearer of the NDC backed calls for the dismissal of the Finance Minister, Ken Ofori-Atta from office; adding that his removal will not affect the ongoing negotiations between Ghana and the IMF.

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“A big contributor to the excessive public expenditure is the sheer size of government. President Akufo-Addo has been particularly irresponsible in keeping a needlessly large government. At a point, we had over 120 ministers in his government with hundreds of political appointees at the Presidency and others attached to ministers and state organisations.

“While the President has cut down this number, there is still room for a further reduction including merging some Ministries to reduce expenditure and cut down the number of Ministers to below 65. It is also necessary to trim the large number of political appointees who have sought refuge in the Flagstaff House. This will reflect the necessities of the time and the need for modesty and prudence” John Dramani Mahama noted.

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