Some economists have blamed government's excessive spending during the 2012 general elections for the economic woes afflicting the country in recent times.
President Mahama has however sent the strongest indication yet, that his government will not be coerced into overspending in 2016 by the weight of demands and strikes of workers.
Speaking at a forum organized by the Trade and industry ministry in conjunction with the Institute of Economic Affairs (IEA), Mr. Pianim said reduced pressure on government will help improve the economic situation in the country.
He said, “there is nothing different from Ghanaians and others, you take that inflation expectations, a single rate expectation force people to price to cover themselves. So probably, there is nothing wrong with us as a people.”
The economist insisted that, “the most important thing is to get the macroeconomic right, the rest will be put in the right direction. It is you and I who make demands on government; during election time they come to promise us, should we say no to the promises?”