MP links economic meltdown to mismanagement, corruption


The Member of Parliament for the Bosomtwe constituency in the Ashanti Region, Mr Simon Osei-Mensah, has attributed the current economic meltdown to mismanagement and uncontrolled corruption in the country.

He, therefore, blamed the government for not appointing the right people with the right skills and expertise to be in-charge of affairs or man the various ministries which, he described, as job for the boys leading to the total collapse of the economy.

The MP alleged that the magnitude of corruption currently going on in the country was also another contributing factor leading to the economic woes which not checked, could plunge the nation’s economy into a total collapse.

Speaking to the Daily Graphic in Kumasi, Mr Osei-Mensah called on the government as a matter of urgency to put in place prudent measures to help halt the corruption which was at its peak and mismanagement which was gradually sending the economy out of gear.

He explained that if the government was able to seal all loopholes, apprehended those cited or suspected to be involved in various degrees of corruption, allowed the laws of the nation to deal with them, then it would be able to bring some sanity and checks into the economy.

‘The current economic management team of the nation need to sit up and have a good look at the way things are going’, the MP said, and added that the spending pattern by the government was unreasonable and unsustainable and should be given a second look.

Mr Osei-Mensah cited, for instance, that before the National Democratic Congress (NDC) government came to power in 2008, the nation’s debt bill was Gh¢9 billion and within just five years, the debt had jumped suddenly to Gh¢39 billion but the government could not pinpoint the exact area the money was spent on.

That, he said, made the government prone to economic crunch which could lead to a situation whereby they might not be even able to raise enough cash to pay workers in the country if the right measures were not put in place.

On the issue of the Single Spine Salary Structure (SSSS),he said, there was the need for the government to be strong and put in place a strong technical committee that would be able to do a thorough assessment of the scheme instead of only bringing the various stakeholders together to talk about the scheme.

Mr Osei-Mensah, who is also a banker said, what the nation needed was to have a critical look at the stake of the economy and desist from doing politics with everything which, in the long run, brought about a total collapse of the economy.

By Felix Baidoo / Daily Graphic / Ghana

Comments:
Leave a comment. 0 comment so far.

Comments