When you’re in crisis, the tone you set is key – John Awuah in Government

The Chief Executive of the Ghana Bankers Association, John Awuah, called on the government to implement austerity measures that would reflect his appreciation that the country is facing a dire economic situation.

According to him, demands on the government to cut spending through austerity measures such as stopping frequent travel by senior civil servants, salary cuts, reduction in the number of ministers, etc., are only meant to be symbolic actions and not generate more funds.

speaking on Newsfile from JoyNews On Saturday, he explained that the funds that would be saved through these austerity measures would be very small to be used for anything important, rather the law will assure Ghanaians that the government recognizes the dire economic situation and is willing to do anything to alleviate their problems. .

He said: “When you are in crisis, the tone you set is key. When people talk about how much are we going to save if public officials and government officials are prevented from travelling, how much are we going to save? It is not the amount of money, but the tone that is given that is most important.

“If you set the right tone, then if tomorrow GUTA or UTAG or any of these unions make demands, you can refer to the sacrifices that the managers of the economy themselves have made.

“So if you look at the quantum of savings, you won’t take any action because there isn’t a single handful of cost element that’s going to give you hundreds and hundreds of millions of cedis. savings here, little savings there, in total it will come to the level of savings or cost reduction you envision.

His comments relate to cost-cutting suggestions presented by groups and individuals to the government to help it save funds to help alleviate the country’s dire economic situation.

For example, the AIE, among other suggestions, called on the President to “restructure the ministries and reduce their number from 30 to 20, reduce the number of ministers from 86 to 56 (including 16 regional ministers), reduce 20% executive compensation and to implement the announced a 20% reduction in MDA’s budgets.

The IEA also wants the government to reduce the 2022 budget deficit from 7.4% to 6.0% to boost budget credibility and reduce concerns about fiscal and debt sustainability.

Professor Peter Quartey from the Institute of Statistical, Social and Economic Research at the University of Ghana also suggested that “some of the flagship programs; maybe it’s time to see them again. If the government approaches Ghanaians and explains this look to them, we said we will, Free SHS and other flagship programs. But gazing times are difficult.

Not because of us, but also because of the global issues we’re having, so maybe suspend a game or revise it down. I believe Ghanaians will accept this so that we can save some of these resources to tackle other more critical areas.

According to Mr. Awuah, he fully supports these recommendations and hopes that the government will implement them.

He noted that the government’s current disposition does not reflect one that is aware of the serious economic crisis in which the country finds itself.

“I’ve picked up a phone and called a few friends over the last two or three weeks, people who work in the public sector. You call this man I’m at Dubai Expo, you call I’m at Dubai Expo. Our public temperament does not reflect our situation.

“It’s more or less that we do the things we want to do when we’re in good times without recognizing the fact that the country is going through a serious crisis,” he said.

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