A senior lecturer of Finance at the University of Ghana Business School, Dr. Lord Mensah says the one million dollar for each constituency policy by the opposition New Patriotic Party (NPP) is a laudable idea but not feasible.
According to him, financing the policy will be challenging looking at the current revenue generation capacity of the country.
“The policy is a laudable idea but not feasible looking at the country’s current revenue generating capacity issues at hand” Dr. Lord Mensah told Afia Pokua, host of Adom FM’s “Burning Issues” programme on Wednesday.
NPP vice presidential candidate, Dr. Mahamudu Bawumia revealed the party will implement one million, one constituency policy per year to fight poverty if Nana Akufo-Addo is elected in the December 7 elections.
Out of this amount, one million dollars will be given to each of the 275 constituencies every year for projects targeted at fighting poverty across the country.
Though the policy according to critics is not feasible, a deputy communications director of opposition NPP, Anthony Karbo said it is viable and will make it a reality when they come to power.
But Dr. Amoah cautioned the opposition party not to be very ambitious given the current economic situation in the country.
“Per the challenges in the country now, if you’re government and you’re now coming to power you don’t have to be too optimistic about huge promises; else the trust by the people for such manager will be in jeopardy” he bemoaned.
Dr. Amoah questioned whether the NPP will generate the money internally or go to the international market to borrow such money looking at the huge debt stock facing the country.
He urged the NPP to measure their promises with the current economic indicators to make them more feasible.
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