Daniel Krull, the German Ambassador to Ghana, has asked President Akufo-Addo to reduce government spending and the size of the government if Germany is truly needed to persuade China and the international community to agree to a debt relief package.
Speaking to Ghanaian journalists, he opined that the several of Ghana’s government was huge compared to that of Germany.
“I only can compare with other countries like my own and I can just come to the conclusion that the number is much higher than in my country. So that might bring me to the conclusion that maybe there’s room for improvement.”
“Well, of course, it depends very much on what kind of expenditures you’re looking at… I’m convinced this is true for if I look at the budget of the German Foreign Ministry of the German government, I’m convinced there are important tasks that can be cut without hurting economic development. And I’m convinced without going into details this also is true for Ghana. There are certain expenditures that can be lowered substantially and make an important impact, and it has to be part of the package.
“I mean, I cannot go out to the international community and say I need help, but I’m not willing to cut my own budget expenditures. I have to be careful not to cut the social expenditures that are destroying lives and families. I have to be very careful not to take measures that might negatively impact economic growth.
“But I’m convinced there are many expenditures that could be looked at very carefully and can be lowered substantially,” he said.
He added that “We are ready to take our part when others are ready to do that, so all major creditors must be ready to help Ghana. The Big elephant in the room is China. China is the largest creditor to Ghana and so far [China] is not supportive of setting up of a creditors’ committee, where the creditors will sit down and agree on an aid package for Ghana.”
By: Rainbowradioonline.com/Ghana
