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    Where Is The Savings

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    N Atta Kusi Adusei
    1. The New Patriotic Party claims that the Ghanaian government's assertion that it is saving 8 million cedis annually through cost cutting measures is false. 2. According to budget statements by the NDC government, administrative costs increased from 2.64 billion cedis in 2008 under the NPP to 2.92 billion cedis in 2009 under the NDC, despite claims of expenditure cuts. 3. Domestic capital expenditure was reduced from 1 billion cedis in 2008 to 260 million cedis in 2009, a 75% decrease, while administrative costs increased, contradicting savings claims.

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    Where Is The Savings

    Uploaded by

    N Atta Kusi Adusei
    630 views1 page
    1. The New Patriotic Party claims that the Ghanaian government's assertion that it is saving 8 million cedis annually through cost cutting measures is false. 2. According to budget statements by the NDC government, administrative costs increased from 2.64 billion cedis in 2008 under the NPP to 2.92 billion cedis in 2009 under the NDC, despite claims of expenditure cuts. 3. Domestic capital expenditure was reduced from 1 billion cedis in 2008 to 260 million cedis in 2009, a 75% decrease, while administrative costs increased, contradicting savings claims.

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    Where is the Savings

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    1. The New Patriotic Party claims that the Ghanaian government's assertion that it is saving 8 million cedis annually through cost cutting measures is false. 2. According to budget statements by the NDC government, administrative costs increased from 2.64 billion cedis in 2008 under the NPP to 2.92 billion cedis in 2009 under the NDC, despite claims of expenditure cuts. 3. Domestic capital expenditure was reduced from 1 billion cedis in 2008 to 260 million cedis in 2009, a 75% decrease, while administrative costs increased, contradicting savings claims.

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    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    630 views1 page

    Where Is The Savings

    Uploaded by

    N Atta Kusi Adusei
    1. The New Patriotic Party claims that the Ghanaian government's assertion that it is saving 8 million cedis annually through cost cutting measures is false. 2. According to budget statements by the NDC government, administrative costs increased from 2.64 billion cedis in 2008 under the NPP to 2.92 billion cedis in 2009 under the NDC, despite claims of expenditure cuts. 3. Domestic capital expenditure was reduced from 1 billion cedis in 2008 to 260 million cedis in 2009, a 75% decrease, while administrative costs increased, contradicting savings claims.

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    NEW PATRIOTIC PARTY

    NEW PATRIOTIC PARTY


    Headquarters, Private Mail Bag, Accra-North, Ghana
    Tel: +233 21 227 737 / 229 030 / 228 104 Fax: +233 21 229 048
    DEVELOPMENT IN FREEDOM
    Email: [email protected]

    PRESS STATEMENT 9th June 2010

    CLAIM OF GH¢8 MN CEDIS SAVINGS ANNUALLY IS FALSE!

    Government’s claim that it is saving GH¢8 million annually from its cost cutting measures
    is completely false. It comes on the hills of a recent false claim that 1.6 million jobs have
    already been created by government within a year in office. In the case of the said
    savings, the following are the facts from the 2009 and 2010 budget statements
    presented by the NDC government:

    1. A total of GH¢2.64 billion was spent on Administration, Service and Wages in


    2008 by the NPP administration. This is from paragraphs 80, 81 and 82 of the 2009
    budget statement presented by the NDC government.

    2. In 2009, under the NDC government, a total of GH¢2.92 billion was spent on the
    same Administration, Service and Wages. This is also from the 2010 budget
    statement (page 31) presented by the NDC government.

    3. What this means is that, in spite of government’s claim of expenditure cutting, the
    operational cost of the NDC government is higher than that of the previous NPP
    government. So, where is the savings?

    4. This increase in the cost of operating government is even more serious against the
    fact that the Mills Administration slashed investment in infrastructure such as sports
    stadia, roads, housing, schools and others, leading to a reduction in domestic
    capital expenditure from GH¢1 billion in 2008 to a mere GH¢260 million in 2009
    (reduction of 75%).

    5. So long as we continue to spend on committees and commissions, ever-increasing


    number of political appointees, workshops, sitting allowances, per diems and the
    like, the administrative cost of operating government will continue to rise while
    investment in critical infrastructure continues to shrink.

    6. Let us have an honest review of our economic management strategies. This is not
    the time for propaganda.

    Kwaku Kwarteng
    Communications Director

    DEVELOPMENT IN FREEDOM

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