COPOSIPI calls on the Ghanaian government to effectively implement the 2025 budget to build trust among citizens and ensure national benefits. They stress the importance of transparency regarding any potential challenges, the impact of misleading GDP growth claims, and advocate for sustainable development instead of toxic growth from illegal activities.
The Coalition of Parents of Students in Private Institutions (COPOSIPI) is urging the Ghanaian government to effectively implement the upcoming 2025 budget. They believe that successful execution will help build trust and confidence among citizens, leading to overall national benefits. In the past, failure to fully implement budgets has resulted in financial instability, loss of trust from stakeholders, and unmet goals.
Dr. Simon Gbene, Executive Secretary of COPOSIPI, emphasized the current optimistic sentiment surrounding this budget. He advocated for a focus on effective implementation, suggesting that if challenges arise, these should be acknowledged transparently along with the reasons and any issues related to revenue generation.
He also noted Ghana’s current status under the International Monetary Fund (IMF) program, stressing the importance of maintaining transparency regarding any IMF-related restrictions and guidelines. Furthermore, Mr. Gbene raised concerns about the reliability of reported Gross Domestic Product (GDP) growth rates, particularly citing misleading figures from the previous government that obscured underlying issues.
It was claimed that prior GDP growth was largely driven by illegal mining activities, which resulted in significant environmental damage and did not contribute to sustainable development. Mr. Gbene rejected this notion of “toxic growth” and called for a commitment to sustainable growth that benefits both the populace and the environment, rather than destructive practices like galamsey that primarily serve a select few.
The coalition emphasizes the urgent need for the government to successfully implement the 2025 budget to foster trust and stability. Dr. Gbene’s remarks highlight the importance of transparency in addressing challenges and the misrepresentation of economic growth. A focus on sustainable development over harmful practices is essential for the country’s future.
Original Source: gna.org.gh
