• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Economist challenges President’s claims of prudent financial management

2 years ago
in Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
101
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Economist challenges President’s claims of prudent financial management

The recent State of the Nation Address by Ghanaian President Nana Addo Dankwa Akufo Addo has received criticism from economist and Professor of Finance at the University of Ghana, Godfred Bokpin, who has debunked the President’s claims of prudent financial management by his administration.

According to Bokpin, the government’s reckless borrowing and spending is evident in the economic challenges facing the country today.

In his speech, President Akufo Addo acknowledged the legitimate questions being raised about the country’s debt situation, but defended his government’s borrowing and spending, citing the urgent need for infrastructure development such as roads, bridges, and schools. He argued that the debts being serviced were not only contracted during his administration, and that there are projects to show for the borrowings made.

However, Bokpin has countered the President’s claims, stating that the available facts indicate that the government has been reckless in its borrowing and spending. He pointed out that Ghana is struggling for the first time to secure an IMF bailout, and that the government had to give a haircut to people’s bonds and investments. These actions, according to Bokpin, are indicative of the government’s financial mismanagement.

Furthermore, Bokpin criticized the government’s lack of transparency and accountability in its COVID-19 expenditure. He noted that it took the IMF to compel the government to account for its COVID-19 expenditure, which suggests that the government was not ready to be accountable and responsible.

The criticisms made by Bokpin highlight the need for governments to be transparent and accountable in their financial management. The COVID-19 pandemic has placed a strain on the finances of many countries, and the need for prudent financial management is more important now than ever. The IMF and other international organizations have provided financial assistance to many countries, but this assistance should not be seen as a solution to financial mismanagement.

RelatedPosts

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

The criticisms made by Bokpin serve as a reminder of the importance of transparency and accountability in financial management. Governments must be responsible in their borrowing and spending, and they must be willing to be held accountable for their actions. The COVID-19 pandemic has brought about unprecedented challenges, but it should not be an excuse for reckless financial management.

Tags: covidEconomist challenges President's claims of prudent financial managementprudent financial management
No Result
View All Result

Highlights

Wall Street Forecasts Oil in the $50s Next Year

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

Three SOEs Make First Dividend Payment of GHS 29.3m in 30 years

Gov’t Misses T-Bills Target by GHS 3.38bn as Investor Appetite for Debt Shifts to BoG Securities

Trending

Business

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

September 1, 2025

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana's GDP in 2024 State-Owned Enterprises (SOEs)...

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

September 1, 2025

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

September 1, 2025

Wall Street Forecasts Oil in the $50s Next Year

September 1, 2025

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.