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Implementation of NPP’s economic policies will be problematic – Economist

Akufo-Addo manifesto launch
NPP presidential candidate Akufo-Addo launching party manifesto Photo: Ayerkie Narnor

A renowned economist has indicated that the New Patriotic Party’s (NPP’s) key policies on the economy are good but they may suffer implementation challenges.

The largest opposition party launched its manifesto Sunday outlining key policy ideas to tackle what it describes as ailing economy under the governing national democratic congress.

The NPP manifesto hopes transform the economy on three solid pillars if elected into power; fiscal discipline, monetary discipline and financial stability.

But economist Dr Kofi Lindsay is not too convinced how the party would be able to implement the policies.

“The implementation will be problematic because one of the main areas which they emphasized, which is the right thing, by the way, was to shift from taxes to production.”

Dr Lindsay explains, “…the amount of revenue they need [to implement those policies] would be problematic. They won’t find the money to do it, therefore you will require a lot of ideas in terms of restructuring the roles of government to do the core things they can do and leave those other sectors to the private sectors, that way, the government frees itself from a lot of responsibilities whether there is tension or there is a need for an extension.”

By Collins Essuman |3FM |3news.com

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