'NDC's 41% cut in infrastructure spending could slow economic growth' — Akim Swedru MP
The Member of Parliament for Akim Swedru, Kennedy Osei Nyarko, has criticised the government's fiscal policy, arguing that efforts to stabilise the economy are coming at the expense of critical infrastructure development.
According to the lawmaker, a significant reduction in capital expenditure could undermine Ghana's long-term economic growth, as infrastructure remains a key driver of development.
His comments, made in two separate social media posts on Monday, August 3, come amid ongoing debate over the government's fiscal consolidation measures following the 2026 Mid-Year Budget Review.
"The costs of Government's Fiscal Stabilisation has sharply plummeted its Capital Expenditure on key infrastructural investments by some 41%. What this means is that the Government is spending large chunk of its monies meant for infrastructural development at the expense of fiscal stabilisation. This is not good for a developing country like Ghana which is still a third world country," he wrote.
Mr Osei Nyarko argued that government must strike a balance between restoring fiscal discipline and investing in development projects.
The lawmaker cautioned that sustained cuts in infrastructure spending could prolong economic slowdown.
He stressed that available data shows government is spending about 41 per cent less than its planned capital expenditure on physical projects.
In a separate post, the New Patriotic Party (NPP) legislator also questioned how the current administration would have handled the economic challenges brought about by the COVID-19 pandemic.
"What do you think would have happened if this Government had met the economic difficulties this country went through during and after the Covid-19 crisis. I don't remember any single global economic crisis that the NDC Government has ever faced or experienced. I believe God knows why he doesn't allow such situations to confront them whenever they are in Government," he stated.