Economist and finance expert, Dr. Evans Nunoo has praised the government’s fiscal discipline, describing its approach to managing public spending as commendable. Speaking in an interview with Sefah-Danquah on Happy FM’s Morning Show, he highlighted how the government has structured its workforce, streamlined instructions, and managed expenditure even during official travels.
He termed this approach as “fiscal discipline,” explaining that it means spending within one’s means rather than exceeding available resources. According to him, this strategy is crucial in avoiding inflationary pressures that could destabilize the exchange rate.
Dr. Nunoo also lauded the government’s monetary policy direction, urging that it be maintained to sustain the positive momentum already being observed in the economy.
However, Dr. Nunoo cautioned that beyond fiscal and monetary measures, there is the need to strengthen the real sector of the economy. He pointed out that although the government has kept some reserves in the system, more needs to be done to drive industrial growth and boost agriculture.
“The government should find a way to drive the industry and enhance agriculture where it will fuel a solid industry,” he stated, adding that a robust domestic industry would help reduce the country’s heavy reliance on imports.
Dr. Nunoo emphasized that while the government’s fiscal and monetary discipline provides a solid foundation, long-term economic stability can only be achieved if stronger investments are made in agriculture and industry to reduce import dependency and build a more resilient economy.
