Chartered Economist Emmanuel Amoah Darkwah has refused to implement ”sweeping reforms” to restore confidence in the ailing economy.
He said despite several suggestions, the government had taken an entrenched position.
Ghana, he noted, was in debt distress, and the only out was for the government to roll out sweeping fiscal reforms to address our crisis.
He said it would be prudent for the government to initiate measures to save the country money, especially in these critical moments.
Mr. Amoah averred that the interest payments are rising to 52 billion, and that is not sustainable.
He said if care was not taken government workers would not be paid since the chunk of the revenue goes into paying interest.
He added that if the government wants the debt restructuring to succeed, then there should be some level of fiscal discipline on the part of the government.
Amoah Darkwah went on to say that the government should be reduced in size.
He stated that the government should not be hesitant to maintain fiscal discipline if the debt exchange programme is to be successful.