COPOSIPI urges the Ghanaian government to successfully implement the 2025 budget to foster public trust and confidence. They emphasize the importance of transparency, particularly with IMF restrictions, and denounce previous unsustainable economic practices that led to misleading GDP growth. Dr. Simon Gbene asserts the need for a focus on genuine growth benefiting society and the environment.
The Coalition of Parents of Students in Private Institutions (COPOSIPI) is calling upon the government to leverage the current goodwill among Ghanaians to ensure the successful implementation of the 2025 budget. They believe this initiative can foster trust and confidence among the populace, yielding enhanced benefits for the nation. The organization notes that past budgets have often been poorly executed, resulting in financial instability, diminished stakeholder trust, and unachieved objectives.
Dr. Simon Gbene, the Executive Secretary of COPOSIPI, emphasized in a discussion with the Ghana News Agency the importance of effective budget implementation this time. He stated, “People are optimistic about this budget. Let us focus on effective implementation. If challenges arise, let us acknowledge them, explain the reasons, and be transparent about revenue generation bottlenecks.” Moreover, he highlighted the necessity for transparency regarding the International Monetary Fund (IMF) restrictions, given that the nation is currently under an IMF programme.
Mr. Gbene also pointed out potential misconceptions regarding Gross Domestic Product (GDP) growth, suggesting that previous government reports may not accurately reflect on-ground realities. He claimed, “One tricky issue is that Gross Domestic Product (GDP) growth can be misleading.” He criticized the previous administration for dependency on unsustainable practices, alleging that their reported growth figures were largely driven by illegal mining activities, which have detrimental effects on the environment. He asserted, “We need sustainable growth that will benefit people and the planet,” opposing the concept of “toxic growth” often associated with such practices.
In conclusion, COPOSIPI is advocating for a transparent and effective approach to implementing the 2025 budget in Ghana. The call for accountability, openness about IMF guidelines, and a rejection of unsustainable growth practices underscores the necessity for a trustworthy and responsible governance model that prioritizes environmental sustainability and societal wellbeing.
Original Source: gna.org.gh
