{"id":242003,"date":"2024-10-30T10:45:58","date_gmt":"2024-10-30T10:45:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/30\/we-admonish-government-not-to-overspend-especially-in-election-year-isser\/"},"modified":"2024-10-30T10:45:58","modified_gmt":"2024-10-30T10:45:58","slug":"we-admonish-government-not-to-overspend-especially-in-election-year-isser","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/30\/we-admonish-government-not-to-overspend-especially-in-election-year-isser\/","title":{"rendered":"We admonish government not to overspend, especially in election year &#8211; ISSER"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p class=\"wp-block-paragraph\">The Institute of Statistical, Social, and Economic Research (ISSER) has issued a cautionary call for fiscal restraint as the country heads into the 2024 election year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Stressing the importance of maintaining recent economic gains, ISSER urged, \u201cWe admonish government not to overspend, especially with 2024 being an election year.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In its State of the Ghanaian Economy Report, ISSER highlighted the risks of election-year spending on Ghana\u2019s financial stability, underscoring the need for fiscal discipline to protect key improvements in inflation, interest rates, and exchange rate stability achieved in 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn conclusion, 2024 holds greater growth prospects, and key macroeconomic indicators\u2014such as inflation, interest rate, and exchange rate depreciation\u2014remain relatively improved compared to 2022,\u201d the report noted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Professor Peter Quartey, ISSER\u2019s director, warned that Ghana must \u201cbreak away from the elections business cycle\u201d if it is to secure these gains long-term.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe true state of the economy will emerge in Q1 2025,\u201d he added, explaining that overspending in an election year can obscure underlying economic vulnerabilities and postpone needed reforms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report highlights the longstanding challenge posed by increased government expenditure in election years, often leading to inflationary pressures and fiscal deficits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMaintaining the current trajectory of improved macroeconomic indicators requires that we do not overspend or lose focus in an election year,\u201d Professor Quartey emphasised.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As Ghana continues its IMF-backed recovery plan, ISSER stresses that staying within fiscal targets could reinforce investor confidence and set the foundation for sustained growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By exercising fiscal prudence in 2024, ISSER suggests that Ghana can achieve a stable economy that benefits its citizens well beyond the election cycle.<\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n               \n <!-- Post Tags -->\n                \n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Institute of Statistical, Social, and Economic Research (ISSER) has issued a cautionary call for fiscal restraint as the country heads into the 2024 election year. Stressing the importance of maintaining recent economic gains, ISSER urged, \u201cWe admonish government not to overspend, especially with 2024 being an election year.\u201d In its State of the Ghanaian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":242004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-242003","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>We admonish government not to overspend, especially in election year - ISSER - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/30\/we-admonish-government-not-to-overspend-especially-in-election-year-isser\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We admonish government not to overspend, especially in election year - ISSER - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Institute of Statistical, Social, and Economic Research (ISSER) has issued a cautionary call for fiscal restraint as the country heads into the 2024 election year. 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