To support Ghana’s economy, Mavis Owusu Gyamfi, Executive Vice President of the African Center for Economic Transformation (ACET), has emphasized the need for fiscal prudence.
She defines fiscal prudence as the ability to make prudent financial decisions, especially when it comes to the handling of public and government funds.
Ghanaians can create a resilient economy by exercising fiscal prudence, as Ms. Gyamfi emphasized in an interview with Bernard Avle on Citi TV’s Point of View on Wednesday.
She emphasized the need for this strategy and said that there is no guarantee for tomorrow. Financial prudence is required. This entails judicious spending, eliminating waste, and setting money aside for a rainy day. By taking this action, we will make sure that our economy is robust, shock-resistant, and—above all—capable of generating jobs, raising household incomes, lowering poverty rates, and attracting a larger pool of taxpayers.
“We are eager to resume our schedule tomorrow. All of this work needs to be started right now. Since, as we are all aware, tomorrow is not guaranteed,” she said.
