Governance and Leadership Expert, Prof. Enoch Opoku Antwi has urged the government to adopt a more disciplined approach to national budgeting, recommending a structured allocation that prioritizes essential needs over excessive spending.
Speaking on Prime News on ABC News GH, he proposed a financial framework that ensures stability and long-term savings.
“The budget allocation should be in this form—50% on needs, 30% on wants, and 20% on savings,” he suggested, warning that without proper fiscal discipline, the country risks financial instability.
He expressed concerns over Ghana’s lack of savings, stating, “As we speak, we don’t have any.”
According to him, reckless spending without financial reserves leaves the nation vulnerable to economic shocks.
Touching on agriculture, he lamented Ghana’s overreliance on food imports despite having vast arable land and favorable climatic conditions.
“There are a lot of things we need to do,” he said, emphasizing the need for investment in local food production, particularly in crops like tomatoes, which the country still imports in large quantities.
Prof. Antwi urged policymakers to redirect resources toward strengthening the agricultural sector to ensure food security and economic stability.
