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DON’T RUSH TO PRAISE ALL OF AFRICA’S “POPULAR” BUT FISCALLY UNSUSTAINABLE PROGRAMS Introduction Context is 2019 Mid-Year Review and need to be realistic about the fiscal prospects for the country—based on past views in interviews and articles. A general call on those who relate to Africa and its leaders not to ingratiate or praise all “popular policies and initiatives”, even if well-meaning, that eventually lead to waste of fiscal and economic resources—even disaster. The call goes for domestic leaders (e.g., chiefs, experts, clergy) and foreigners (e.g., multilateral and bilateral institutions, development partners, CSOs, professionals, etc). Background Even the President now concedes (e.g., Oxford University lectures) that the Free Senior High School (F-SHS) will take a lot of resources, including diversion of petroleum revenues from the path of investment to consumption including early hints of the use of “Heritage Fund” for F-SHS; accumulation of arrears (e.g., pensi...

The Finance Minister, Ken Ofori-Atta will today, Monday, 29 July 2019 present the mid-year budget review and supplementary estimates in Parliament. This is in accordance with Section (28) of the Public Financial Management Act, 2016 (Act 921). The Mid-year budget review is expected to touch on the the review of the Luxury Vehicle Tax, the economic outlook, Ghana’s debt situation, and domestic revenue mobilisation among others. Ahead of the presentation today, some stakeholders in the Ghanaian economy have tabled their concerns including the Chamber of Petroleum Consumers (COPEC) and the Minority. A former deputy Minister of Power,  John  Abdulai Jinapor has said the opposition will resist any attempt to further burden Ghanaians with any Tax increment. “The quagmire we find ourselves in as a nation presently is self inflicted and responsibility should not be shoved off to the already burdened citizens,” he said in a statement on Friday. Meanwhile, Trades Union Congress (...