The Chief Executive Officer of Dalex Finance, Kenneth Kwamina Thompson has urged the ruling New Patriotic Party administration to undertake expenditure that would improve the standard of living of Ghanaians.
Reacting to the increasing public debt and expenditure amidst the county’s economic turmoil and its accompanying economic hardship on Ghanaians, the Chief Executive Officer of Dalex Finance advices government to spend on health, education, security and food sectors, as well as the private sector of the economy to boast economy growth.
According to him, government needs to make significant investments in the areas of education and health, particularly in infrastructure to increase access to quality healthcare and education.
“From where I sit Ghana needs to move to survival mode now and we need to focus on how we make the ordinary Ghanaian survive. It is in survival mode now. The point I’m trying to make is that we can’t afford not to do anything now and let’s focus on supporting in this survival mode of the ordinary Ghanaian”.
Kenneth Kwamina Thompson, CEO Dalex Finance
Government Urged To Scrap Boarding School System
Again, Mr Kenneth Thompson called on the government to take urgent measures to end the boarding school system in secondary schools in the country.
He bemoaned the deplorable state of boarding facilities in various secondary schools in the country and cautioned that if the government fails to take immediate steps to address it the situation would create serious problems for the country’s educational system.
Mr Kenneth Thompson thus recommended that instead of the boarding school system government should introduce a new system where parents and guardian who can afford would pay hostel facility fee to schools for their ward to access such facilities.
“We cannot afford this boarding school system, it’ll kill us, and it is killing us. I mean, go to any school… it’s pathetic. We can’t afford it. And if you want your child to go to Adisadel or Achimota, we can have a system where you pay for the hostel fees… And if you go to countries with good educational systems the people that go to boarding school pay through their nose and the rest go to public schools which are community-based”.
Kenneth Kwamina Thompson, CEO Dalex Finance
Moreover, the Chief Executive Officer of Dalex Finance urged government to double its investment in security in order to address the rising threat of extremism in the sub region.
He noted that the extremism activities outside the country’s borders must be a matter of grave concern to government and hence government must take measures to prevent any such unfortunate occurrences to the country.
“Security is important because we’re aware of things that are happening outside our borders and we don’t want an overspill to disrupt the little peace that we have, and let’s not take that for granted”.
Kenneth Kwamina Thompson, CEO Dalex Finance
Additionally, Mr Kenneth Thompson called on government to take immediate measures and steps to address the rising rate of food inflation in the country. According to him the situation has caused difficulties and hardships to several homes and families in the country.
“I mean food inflation in Ghana now is nearly 50%, I think it’s probably more. That means that nearly every 12, 13, 16 months or so prices double. There are Ghanaians that are going to bed hungry as we speak every day. This is survival. And if our politicians don’t understand it, we’ve got to make them understand”.
Kenneth Kwamina Thompson, CEO Dalex Finance
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