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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Economists react to moves to withdraw subventions to State agencies

bycitibusinessnews
January 15, 2015
in Business, Local Economy, Top Stories
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The Head of Finance Department of the University Of Ghana Business School Dr. Godfred Bokpin is demanding for a comprehensive plan to ensure the viability of government’s plan to withdraw subventions to some State agencies.

“I do not see anything wrong with taking off some of these institutions provided the right exit strategies have been put in place”, Dr. Godfred Bokpin said.

The Ministry Of Finance and the Fair Wages and Salaries Commission are leading the implementation of plans to wean off eight sub -vented agencies to cut down on the wage bill.

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According to reports, government is expected to save close to 25 million cedis when the policy is fully implemented.

[contextly_sidebar id=”AbpjxmBhOst5ZI4UTJdGebKtyoe9tZQc”]Speaking to Citi Business News Dr. Godfred Bokpin said the policy will only be successful if the capacities of the affected agencies are properly developed to withstand the shocks.

“Have these institutions themselves been given enough time to be able to adjust in terms of internal restructuring to improve efficiency and effectiveness and overall productivity”, he queried.

By: Rabiu Alhassan/citifmonline.com/Ghana

 

 

 

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