The Founding President of IMANI Africa has cautioned the National Democratic Congress (NDC) against being complacent and assuming a victory in the upcoming 2024 general elections.
The NDC, he said, should preoccupy itself with propagating interventions it will implement to reduce Ghana’s over-reliance borrowing and bow to avoid another IMF programme in 2026.
In a post on Facebook, Franklin Cudjoe underscored the absence of detailed economic strategies from the NDC, calling for well-defined interventions to bolster Ghana’s economy.
“The major opposition party, the NDC, should not assume 2024 is a done deal. Some of us are yet to see properly quantified interventions that will reduce our reliance on borrowing, and crucially how we may avoid another IMF program in 2026,” Cudjoe wrote.
He urged the NDC to provide clear metrics on their job creation and economic growth promises.
“There is a need for the NDC to coordinate and relate the many promises of creating employment and ascertain by an estimated figure the qualitative addition to GDP,” he added.
The IMANI boss announced plans to release a detailed analysis of the major political parties’ economic plans, evaluating their potential impact on the country aimed to provide an objective assessment amidst the heated partisan debates.
“As far as IMANI is concerned, there are three major risk factors to our economy – rising public debt, persistent waste and leakages, and slowing GDP growth.”
“When combined, these factors strongly constrict the government’s capacity to sustain investment without unhinging other levers of the economy,” Franklin Cudjoe explained.
These risk factors, he said, affect the delivery of projects on time and within budget (spending efficiency) and raise the cost of living, offsetting the gains of infrastructure as real incomes fall and the living conditions of people deteriorate.
Ghanaians go to the polls on December 7 to elect a new president and members of parliament.