Finance and Economics expert from the University of Ghana Business School (UGBS), Prof. Godfred Bokpin, has criticised the government for mismanaging public funds on dubious projects, citing the 1 Village, 1 Dam initiative as an example.
He pointed out that inefficient use of public resources continues to hinder the country’s progress. Prof. Bokpin argued that projects like the recently inaugurated Flower Pot Interchange often fail to provide genuine value for money, as they are frequently overpriced.
He further noted that while significant funds have been allocated to building interchanges and dams—many of which are now underutilised—numerous roads across Ghana remain in deplorable conditions.
Prof Bokpin stated, “There are instances where we have spent taxpayers’ money to construct dams, supposedly, and you may find that potholes on our roads actually hold more water than the dams we’ve constructed.”
He emphasised, “If the Ghanaian government constructs an interchange and you look at the cost of constructing that interchange, comparing it maybe to world averages, you will see inefficiency. That’s where the problems arise for us, and that is what we have to address.”
Prof. Godfred Bokpin shared his concerns on Joy FM’s Super Morning Show on Wednesday, November 20, where he discussed the rising cost of living in Ghana as the country approaches the December elections.
He emphasized the importance of efficient resource management, noting that given the scarcity of resources, it is crucial to use them wisely.
The economist highlighted the criticism surrounding the One Village, One Dam initiative, particularly from opposition groups, who argue that the project failed to deliver on its objectives.
Prof. Bokpin called for “credible leadership” to address the ongoing mismanagement of public funds and stressed the need to create a better investment environment to foster the country’s development.
He also pointed out the significant cost increases in the Flower Pot Interchange project.
Initially awarded at GH¢69.5 million in 2016 by the NDC government, the project’s cost ballooned to GH¢147 million by 2017, and under the current administration, it is approaching GH¢1 billion.