Mahama’s administration showing more financial discipline than Akufo-Addo’s — Joe Jackson
The Chief Executive Officer of Dalex Finance, Joe Jackson, has commended the John Mahama-led government for demonstrating strong fiscal discipline in managing the economy.
He argued that the administration’s approach has been more restrained than that of the previous New Patriotic Party (NPP) government under Nana Addo Dankwa Akufo-Addo.
According to the finance expert, the discipline is helping to keep inflation under control and stabilise the economy.
“In the old regime, it was “awoof” — we gathered everything that we could. Now there’s a lot of discipline. Even when the auction is oversubscribed, this government only takes what it planned for, and that has helped manage its effect on inflation very well,” Mr. Jackson said.
The finance expert added that while favourable weather and falling food prices have contributed to easing inflation, fiscal restraint has been the most critical factor.
He maintained that by deliberately limiting spending and exercising control over debt servicing, the government has avoided worsening inflationary pressures.
“So this is fiscal restraint, fiscal restraint, and let nobody underestimate how much that has helped keep inflation low. In contrast, the previous regime used more of a scattergun approach, but this government has shown a lot of discipline in managing the economy,” he stated.