Economist and lecturer at Wisconsin University, Dr. Sam Worlanyo Mensah says strict measures and mechanisms should be put in place to hold leaders accountable for the resources they use in their quest to carry out their duties.
His comments come at the back of Parliament’s approval of GH₵1.2 billion from the Contingency Fund which is to help government bridge the gap created by the economic impact of COVID-19 through the Coronavirus Alleviation Programme (CAP).
He stressed that in order for the funds to be used appropriately, there must be accountability.
“In situations like this let’s put good mechanisms in place so that the resources that are given to various leaders should make them accountable. And so it is about accountability and judicious use of resources,” he said.
Speaking on Campus Exclusive on Thursday, April 9, 2020, Dr. Worlanyo called on government to engage relevant people and those with the requisite expertise to ensure proper management of funds and resources.
“If we decide to just appoint party foot soldiers or party faithfuls to manage this resources, it will be a recipe for disaster or another avenue for misappropriation of funds, so I think the government should appoint relevant people to manage these funds not only party faithfuls,” he noted.
The Finance Committee of Parliament granted authorization on Wednesday April 8, 2020 after the Finance Minister made a request to help government boost its fight against the coronavirus pandemic.
The funds from the Contingency Fund is to implement the Coronavirus Alleviation Programme (CAP).
Other measures put in place include a GH₵600 million soft loan scheme with a two-year repayment plan for micro, small and medium scale businesses.
Also, the possible amendment of relevant laws to lower the cap of the stabilization fund from US$300 million to US$100 million.
This according to the Minister of Finance will enable government use the excess funds to bridge the gap created by the impact of the pandemic.
Another intervention includes the absorption of water bills of citizens for April, May and June.
Story by: Ayisah Nunana | universnewsroom.com