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Is expenditure already going beyond set targets in 2016 just as happened in 2012? The
government should be careful not to compound the problems of this economy, which it
caused starting with a major spending binge in the 2012 election year, with another
spending binge in this 2016 election year.
Then again, this John Mahama led NDC government may just be setting the stage to
deliberately or technically abrogate or suspend the IMF program to give it the space to go
on another spending binge for the 2016 election as they did in the 2012 election year.
To allay the fears of Ghanaians and the financial markets, the government should publish
the fully reconciled fiscal data for 2015 and the first half of 2016 immediately. The lack of
transparency is undermining confidence in the economy. This NDC government is simply
not being honest with itself, the good people of Ghana, the IMF and the international
community about the state of Ghanas public finances. We need a real accounting for the
money.