Economist Dr Priscilla Baffour has urged government to strike a balance between political promises and economic realities, particularly in the area of taxation.
Speaking on Joy News' PM Express Business Edition on Thursday, February 13, she stressed that while tax cuts may have been a key campaign pledge, the current economic climate demands a more pragmatic approach. "It's a difficult period, and I believe that there is nothing wrong if the government, I mean, the finance minister, comes out to say that we promised X, Y, and Z, but this is the reality-it is not possible," she stated.
Dr Baffour argued that honesty and transparency about the economic situation would allow the government to make more practical decisions without losing public trust.
She acknowledged that rolling back taxes as promised may be politically expedient but warned that the potential economic repercussions could be severe. "The risk to businesses and Ghanaians as a whole is that if the trajectory that the economy is currently on shifts and we enter into another phase of turbulence, it will be quite disastrous for everybody," she cautioned.
