A top money expert has warned the government about major problems with their new economic plan. Professor Godfred Bokpin told reporters that the 24-hour economy project needs better tracking systems. He fears the policy could crash and burn like other failed government programs. The economist wants leaders to create clear goals that everyone can measure. Without proper checks and balances, taxpayer money might go down the drain.
Bokpin praised how the International Monetary Fund tracks progress with detailed reports. He wants the same kind of strict monitoring for this new economic vision. Government departments should send weekly and monthly updates about their work. This approach helps keep everyone accountable and prevents waste. The professor believes strong oversight makes the difference between success and failure.
The expert strongly advised against building new government offices for this project. Previous attempts created expensive departments that delivered poor results. The Northern Development Authority cost millions but achieved very little. Bokpin said this pattern must stop before it drains more public funds. Smart leaders should learn from past mistakes and change course.
Instead of new bureaucracy, existing departments should handle the work. The Ministry of Finance already knows how to collect important data. The Ghana Statistical Service and Bank of Ghana have the right skills and equipment. Using current resources saves money and speeds up implementation. This strategy builds on proven systems rather than starting from scratch.
Bokpin praised how the International Monetary Fund tracks progress with detailed reports. He wants the same kind of strict monitoring for this new economic vision. Government departments should send weekly and monthly updates about their work. This approach helps keep everyone accountable and prevents waste. The professor believes strong oversight makes the difference between success and failure.
The expert strongly advised against building new government offices for this project. Previous attempts created expensive departments that delivered poor results. The Northern Development Authority cost millions but achieved very little. Bokpin said this pattern must stop before it drains more public funds. Smart leaders should learn from past mistakes and change course.
Instead of new bureaucracy, existing departments should handle the work. The Ministry of Finance already knows how to collect important data. The Ghana Statistical Service and Bank of Ghana have the right skills and equipment. Using current resources saves money and speeds up implementation. This strategy builds on proven systems rather than starting from scratch.
