The government must introduce a new economic performance plan in the 2027 Budget to consolidate recent gains and put the economy on a stronger and more sustainable footing, Professor of Accounting and Finance at the Accra Technical University, Prof. Ibrahim Zubairu, has said.
He said the economic indicators recorded over the past two years, particularly in inflation management and broader macroeconomic performance, must be carefully managed to sustain growth under the government’s New Economy Programme.
According to him, the programme must focus on creating jobs and strengthening regulations to ensure that economic growth translates into meaningful development.
Prof. Zubairu also called on the government to streamline its payment processes and ensure timely and equitable payments to contractors to address concerns about selective payments.
He said an effective payment system would help contractors execute and maintain road projects across the country while ensuring continuity in ongoing infrastructure development.
Prof. Zubairu made these remarks on the Adekyee Mu Nsem morning show on Ahotor 92.3FM, hosted by Alexander Nana Dogbey.
Assessing the Finance Minister’s performance in the previous year’s budget review, he noted that the government’s emphasis had been on strengthening systems and support structures to develop the economy without necessarily demanding additional funding.
He said the approach reflected a focus on building the structures needed for economic development, adding that the government must ensure that key economic indicators are properly managed and supported by effective regulations to sustain the country’s progress.
