My government will prioritise fiscal discipline – Bawumia

The flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, has committed to prioritising fiscal discipline if he is elected President in the 2024 general elections.

“A Bawumia government would prioritize fiscal discipline, implementing measures to broaden and enhance revenue generation, rationalize public expenditure, and leverage private-sector involvement in the provision of government infrastructure and services.

“A Bawumia government would also work to diversify the economy, reduce reliance on volatile sectors, maximize the benefits from our mineral resources, reform the energy sector, and move the energy-generation mix towards renewables,” he pledged.

Bawumia pointed out that the Akufo-Addo administration has already begun addressing these issues through fiscal discipline, and he noted that the economy is on the mend.

“The Akufo-Addo government has already started dealing with the problem through fiscal discipline and the implementation of a domestic debt-restructuring programme

The good news is that the economy is recovering now, with lower fiscal deficits and a decline in the debt-to-GDP ratio,” he remarked.

We will also prioritise prudent fiscal management, including controlling government spending, rationalizing subsidies, and enhancing revenue-mobilization efforts, to reduce the government’s borrowing needs and ease upward pressure on interest rates.”